Correction: Fitch Affirms 3 RMBS Classes from 1 Option One Issue.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 16, 2003 (This press release replaces one that was disseminated on Dec. 3, 2003, in which Fitch affirmed nine RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities classes from two deals insured by Radian ra·di·an n. Abbr. rad A unit of angular measure equal to the angle subtended at the center of a circle by an arc equal in length to the radius of the circle. Asset Assurance.) 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 affirmed the following Option One Woodbridge Loan Trust issue insured by Radian Asset Assurance Inc.: Option One Woodbridge Loan Trust, series 2002-2: -- Class A 'AAA'; -- Class S 'AAA'; -- Class M 'AA'. The affirmations on classes A and S reflect 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 consistent with future loss expectations. The affirmation on the class M reflects Radian Asset Assurance Inc.'s, current insurer financial strength (IFS) rating of 'AA'. Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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