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Fitch Rates NovaStar ABS CDO I LTD./Inc. 'AAA/AAA/AA/A/BBB'.


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 assigns the following ratings to NovaStar ABS CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the  I LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . and NovaStar ABS CDO I, Inc.:

--$243,700,000 class A-1 first priority senior secured floating rate notes due 2047 'AAA';

--$34,900,000 class A-2 second priority senior secured floating rate notes due 2047 'AAA';

--$28,500,000 class B third priority senior secured floating rate notes due 2047 'AA';

--$24,400,000 class C fourth priority mezzanine secured floating rate deferrable interest notes due 2047 'A';

--$15,700,000 class D fifth priority mezzanine secured floating rate deferrable interest notes due 2047 'BBB'.

For more information, please see the new issue report titled 'NovaStar ABS CDO I LTD.', available on the Derivative Fitch web site at www.derivativefitch.com. Additional information about the collateral manager is also available on the web site.

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Publication:Business Wire
Date:Feb 8, 2007
Words:224
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