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Article: Fitch Rates Wells Fargo $222.6MM Alternative Loan P-T Ctfs 2002-1.
- Article from:
- Business Wire
- Article date:
- August 28, 2002
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Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 28, 2002
Wells Fargo Alternative Loan 2002-1 Trust, mortgage asset-backed pass-through certificates, series 2002-1, classes I-A-1, I-A-R, II-A-1, A-PO ($211.9 million) are rated 'AAA' by Fitch Ratings. Additionally, Fitch rates the class B-1 ($7.4 million) 'AA', class B-2 ($2.1 million) 'A' and class B-3 ($1.1 million) 'BBB'.
The 'AAA' rating on the senior certificates reflects the 6% subordination provided by the 3.30% class B-1, the 0.95% class B-2, the 0.50% class B-3, and the 1.25% privately offered class B certificates. Fitch believes the amount of credit enhancement available will be ...