Fitch Ratings Affirms 27 RMBS Classes From 11 Deals Wrapped by Freddie Mac.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 9, 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 affirmed the 'AAA' ratings of the following 27 classes from eleven residential mortgage-backed securities (RMBS RMBS Residential Mortgage-Backed Securities RMBS Rambus, Inc. (NASDAQ stock symbol) RMBS Russian Mortgage-Backed Securities ) deals insured by the Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. : Ameriquest Mortgage Ameriquest was one of the United States's leading wholesale subprime lenders. Ameriquest was founded in 1979, in Orange County, California, as a bank, Long Beach Savings & Loan. Securities Inc., series 2001-A -- Classes A, S. Ameriquest Mortgage Securities Inc., series 2002-A -- Classes A, S, IO. Ameriquest Mortgage Securities Inc., series 2002-B -- Classes A, S, IO. Countrywide Asset Backed Securities, series 1999-T22 -- Classes A-4 to A-7. New Century Home Equity Loan Trust, series 2002-A -- Classes AF, AV. Option One Mortgage Loan, series 2001-A -- Classes A-4 to A-7. Option One Mortgage Loan, series 2001-B -- Classes A-1, A-3. Option One Mortgage Loan, series 2001-C -- Classes A, S. Option One Mortgage Loan, series 2001-D -- Classes A, S. Option One Mortgage Loan, series 2002-A -- Classes A, S. Structured Asset Securities Corporation, series 1999-BC4 -- Class A. The affirmations on these classes reflect Freddie Mac's current long-term rating of 'AAA' and short-term rating of 'F1+'. Central to Fitch's ratings assessment of Freddie Mac is its U.S. Government charter and GSE GSE general somatic efferent system. status, its leading position within the domestic housing finance system, and Fitch's comfort with its core interest rate and credit risk management capabilities. 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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