Correction: Fitch Affirms 28, Upgrades 53 Classes From 16 Wells Fargo RMBS Securitizations.Business Editors NEW YORK--(BUSINESS WIRE)--June 9, 2003 This is an amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. version of a press release issued Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant June June: see month. 6, containing revised rating information on the class B-5 securities for series 2001-8, series 2001-11 and series 2001-12 Pool 1. Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has taken rating action on the following Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Asset Securities Corp. mortgage pass-through certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size . Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-1 -- Class A affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 upgraded to 'AAA' from 'AA+'; -- Class B-3 upgraded to 'AAA' from 'AA-'; -- Class B-4 upgraded to 'AA' from 'BBB+'; -- Class B-5 upgraded to 'A' from 'BB+'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-2 -- Class A affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 affirmed at 'AAA'; -- Class B-3 affirmed at 'AAA'; -- Class B-4 upgraded to 'AA' from 'A+'; -- Class B-5 affirmed at 'BBB+'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-8 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA+'; -- Class B-2 upgraded to 'AAA' from 'AA'; -- Class B-3 upgraded to 'AAA' from 'BBB+'; -- Class B-4 upgraded to 'AA' from 'BB'; -- Class B-5 upgraded to 'A' from 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-9 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'AAA' from 'BBB'; -- Class B-4 upgraded to 'AA' from 'BB'; -- Class B-5 upgraded to 'A' from 'BB'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-11 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'AAA' from 'BBB'; -- Class B-4 upgraded to 'AA-' from 'BB'; -- Class B-5 upgraded to 'BBB+' from 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-12 Pool 1 -- Class IA affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'AAA' from 'BBB'; -- Class B-4 upgraded to 'AA' from 'BB'; -- Class B-5 upgraded to 'A' from 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-12 Pool 2 -- Class IIA (1) (Information Industry Association, Washington, DC) In 1999, IIA merged with SPA (Software Publishers Association) to become the Software & Information Industry Association. See SIIA. affirmed at 'AAA'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-13 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'AA+' from 'BBB'; -- Class B-4 upgraded to 'A+' from 'BB'; -- Class B-5 upgraded to 'BBB-' from 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-17 -- Class A affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 upgraded to 'AAA' from 'AA+'; -- Class B-3 upgraded to 'AA' from 'A+'; -- Class B-4 upgraded to 'A-' from 'BB'; -- Class B-5 affirmed at 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-18 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'AA-' from 'BBB'; -- Class B-4 upgraded to 'A-' from 'BB'; -- Class B-5 upgraded to 'BB' from 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-20 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'A' from 'BBB'; -- Class B-4 affirmed at 'BB'; -- Class B-5 affirmed at 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-23 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'AA' from 'BBB'; -- Class B-4 upgraded to 'BBB' from 'BB'; -- Class B-5 affirmed at 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-27 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AA+' from 'A'; -- Class B-3 upgraded to 'A+' from 'BBB'; -- Class B-4 affirmed at 'BB'; -- Class B-5 affirmed at 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-28 -- Class A affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA'; -- Class B-2 upgraded to 'AAA' from 'A'; -- Class B-3 upgraded to 'AA' from 'BBB'; -- Class B-4 upgraded to 'BBB+' from 'BB'; -- Class B-5 affirmed at 'B'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-31 -- Class A affirmed at 'AAA'. Wells Fargo Asset Securities Corporation, mortgage pass-through certificates, series 2001-32 -- Class A affirmed at 'AAA'. These rating actions are being taken as a result of low delinquencies and losses, as well as increased credit support. Further information regarding current delinquency delinquency Criminal behaviour carried out by a juvenile. Young males make up the bulk of the delinquent population (about 80% in the U.S.) in all countries in which the behaviour is reported. , loss and credit enhancement Credit Enhancement A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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