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Article: DCR Rates PNC Mortgage Securities Corp. $1,142,650,689 Mortgage Pass-Through Certificates Series 1999-2 Fixed-Rate Residential Mortgage Loans.
- Article from:
- PR Newswire
- Article date:
- February 25, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Feb. 25 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has rated the PNC Mortgage Securities Corporation Series 1999-2 Mortgage Pass-Through Certificates, which were issued by PNC Mortgage Securities Corporation (PNC) and underwritten by Donaldson, Lufkin & Jenrette Securities Corporation. The ratings on the 29 classes of publicly offered securities range from 'AAA' (Triple-A) to 'BBB' (Triple-B).
Group I, Classes I-A-1 through I-A-7, I-P and I-X, are rated 'AAA' (Triple-A). Group II, Classes II-A-1 and II-X, are rated 'AAA' (Triple-A). Group III, Classes III-A-1, III-P and III-X, are rated 'AAA' (Triple-A). Group IV, Classes IV-A-1 and IV-X, ...