Fitch Ratings Affirms 9 RMBS Classes from 1 Chase Funding Issue.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 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 Chase Funding Loan Acquisition Trust issues: Series 2001-C2 group 1 -- Class IA-4 'AAA'; -- Class IA-5 'AAA'; -- Class IM-1 'AA'; -- Class IM-2 'A'; -- Class IB 'BBB'; removed from Rating Watch Negative. Series 2001-C2 Group 2 -- Class IIA-1 'AAA'; -- Class IIM-1 'AA'; -- Class IIM-2 'A'; -- Class IIB IIB Institute for Independent Business IIB Institute of International Business IIB Institute of International Bankers IIB International Investment Bank IIB Indian Institute of Banking & Finance IIB Included in Bankruptcy IIB Ice, Ice, Baby 'BBB'. 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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