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Fitch Affirms 57 Banc of America RMBS Ratings From 5 Securitizations.



NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- 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 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.
 the following Banc of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name.  Alternative Loan Trust 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 :

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-3

-- Class A at 'AAA';

-- Class B1 at 'AA';

-- Class B2 at 'A';

-- Class B3 at 'BBB';

-- Class B4 at 'BB';

-- Class B5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-4 Group 1

-- Class IA at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-4 Group 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.  at 'AAA';

-- Class IIB IIB Institute for Independent Business
IIB Institute of International Business
IIB Institute of International Bankers
IIB International Investment Bank
IIB Indian Institute of Banking & Finance
IIB Included in Bankruptcy
IIB Ice, Ice, Baby
1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-5 Group 1

-- Classes CB, NC at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-5 Group 2

-- Class IIA at 'AAA';

-- Class IIB1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-6 Group 1

-- Classes CB, NC at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-6 Group 2

-- Class IIA at 'AAA';

-- Class IIB1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-7 Group 1

-- Classes IA, CB at 'AAA';

-- Class IB1 at 'AA';

-- Class IB2 at 'A';

-- Class IB3 at 'BBB';

-- Class IB4 at 'BB';

-- Class IB5 at 'B';

Banc of America Alternative Loan Trust, mortgage pass-through certificates, series 2003-7 Group 2

-- Class IIA at 'AAA';

-- Class IIB1 at 'AA';

-- Class IIB2 at 'A';

-- Class IIB3 at 'BBB';

-- Class IIB4 at 'BB';

-- Class IIB5 at 'B'.

The affirmations, affecting approximately $1.5 billion, 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.

The above deals have 15- to 30-year fixed-rate mortgage loans secured by first lien lien, claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party. , one- to four-family residential properties. They are 15 to 19 months seasoned, with pool factors (i.e., current mortgage loans outstanding as a percentage of the initial pool) ranging from 69% to 83%.

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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Publication:Business Wire
Date:Dec 9, 2004
Words:437
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