Fitch Ratings Affirms 5 RMBS Classes from 1 HSI Securitization.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 16, 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 five classes of the following Housing Securities, Inc. (HSI (Hue Saturation Intensity) A color space similar to HSB. See HSB. ) mortgage-pass through certificates: Housing 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 1993-J -- Class J1 'AAA'; -- Class J2 'AAA'; -- Class J3 'AAA'; -- Class J4 'AAA'; -- Class J5 'AA-'. 'The affirmations on the above classes reflect 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, loss and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'. |
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