Correction: Fitch Ratings Upgrades 26 & Affirms 49 -CMSI- RMBS Ratings from 12 Securitizations.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 23, 2004 (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 Feb. 20, 2004, containing updated rating information on CMSI CMSI Citicorp Mortgage Services, Inc. CMSI Checkout/Control and Monitor Subsystem Interface (NASA) 2001-17 Pool 3.) 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 upgraded 26 & 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. 49 classes of Citicorp Mortgage Securities, Inc (CMSI) residential mortgage-backed Mortgage-backed may refer to:
Citicorp Mortgage Securities, Inc., 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 , Series 2001-2 -- Class A affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 affirmed at 'AAA'; -- Class B-3 upgraded to 'AAA' from 'AA+'; -- Class B-4 upgraded to 'A' from 'BBB'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-4 -- Class A affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 upgraded to 'AAA' from 'AA+'; -- Class B-3 upgraded to 'AAA' from 'A+'; -- Class B-4 upgraded to 'BBB+' from 'BBB-'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-5 -- Class A affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 affirmed at 'AAA'; -- Class B-3 upgraded to 'AAA' from 'AA'; -- Class B-4 upgraded to 'BBB+' from 'BBB'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-6 -- Class A affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 affirmed at 'AAA'; -- Class B-3 upgraded to 'AAA' from 'AA+'; -- Class B-4 affirmed at 'A'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-7 -- Class A affirmed at 'AAA'; -- Class M affirmed 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 'A' from 'BBB'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-8 -- Class A affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA+'; -- Class B-2 upgraded to 'AAA' from 'A+'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-9 -- Class A affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA+'; -- Class B-2 upgraded to 'AAA' from 'AA'; -- Class B-3 upgraded to 'AA' from 'A'; -- Class B-4 upgraded to 'A' from 'BB+'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-12 Pool 1 -- Class IA affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 upgraded to 'AAA' from 'AA'; -- Class B-3 affirmed at 'A'; -- Class B-4 affirmed at 'BB+'. Citicorp Mortgage Securities, Inc., 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'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-14 Pool 1 -- Class IA affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 affirmed at 'AA+'; -- Class B-2 affirmed at 'A+'; -- Class B-3 affirmed at 'BB'; -- Class B-4 affirmed at 'B'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-14 Pool 2 -- Class IIA affirmed at 'AAA' Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-15 -- Class A affirmed at 'AAA' -- Class M 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 upgraded to 'BBB' from 'BB+'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-17 Pool 1 -- Class IA affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 affirmed at 'AA+'; -- Class B-2 affirmed at 'A'; -- Class B-3 affirmed at 'BBB'; -- Class B-4 affirmed at 'B'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-17 Pool 2 -- Class IIA affirmed at 'AAA'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-17 Pool 3 -- Class IIIA IIIA Internet Information Infrastructure Architecture IIIA Integrated Intelligence Information Application IIIA International Imaging Industry Association affirmed at 'AAA'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-18 Pool 1 -- Class IA affirmed at 'AAA'; -- Class M affirmed at 'AAA'; -- Class B-1 upgraded to 'AAA' from 'AA-'; -- Class B-2 upgraded to 'AA-' from 'A'; -- Class B-3 upgraded to 'BBB' from 'BB'; -- Class B-4 upgraded to 'BB' from 'B'. Citicorp Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2001-18 Pool 2 -- Class IIA affirmed at 'AAA'. The upgrades are being taken as a result of low delinquencies and losses, as well as increased credit support levels. The affirmations are due to 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. 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 statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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