Fitch Ratings Affirms 6 RMBS Classes From 2 SBMS VII Issues.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 13, 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 following Salomon Brothers
Salomon Brothers was a Wall Street investment bank. Mortgage Securities (SBMS SBMS Southwestern Bell Mobile Service SBMS Spanish Broadcast & Media Services (University of California) SBMS State Bureau of Surveying and Mapping SBMS South Brandywine Middle School (PA, USA) ) VII, Inc. issues: Salomon Brothers, asset backed floating-rate certificates, series 1998-OPT1: -- Class M-1 'AA'; -- Class M-2 'A'; -- Class M-3 'BBB'. Salomon Brothers, asset backed floating-rate certificates, series 1998-OPT2: -- Class M-1 'AA'; -- Class M-2 'A'; -- Class M-3 'BBB'. The affirmations of these 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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