Fitch Downgrades 1 Class From Wells Fargo ASC Series 2000-2 Pool 2.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 5, 2003 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 downgraded class II-B5 from 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 Corporation, 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 2000-2 Pool 2. -- Class II-B5 to 'D' from 'C'. This action is taken due to the level of losses incurred and the delinquencies in relation to the applicable credit support levels as of the Nov. 25, 2003 distribution. Further information regarding current delinquency, 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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