Fitch Ratings Affirms The Money Store 1998-B.Business Editors NEW YORK--(BUSINESS WIRE)--March 26, 2004 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 af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the Money Store's home equity loan asset-backed certificates, series 1998-B, following its review of the transaction. Money Store asset backed certificates, series 1998-B: -- Class MH-2 'A'; -- Class BH 'BBB'. The affirmation is due to an overcollateralization provision that will maintain a level of 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. Fitch will continue to closely monitor this deal. Further information regarding current delinquency delinquency Criminal behaviour carried out by a juvenile. Young males make up the bulk of the delinquent population (about 80% in the U.S.) in all countries in which the behaviour is reported. , loss, and credit enhancement statistics is available on the Fitch Ratings Web site at 'www.fitchratings.com'. |
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