Fitch Ratings Affirms Westways Funding VI, Ltd.

CHICAGO -- Fitch Ratings affirms all classes of notes issued by Westways Funding VI, Ltd. These affirmations are the result of Fitch's review process and are effective immediately:

--$130,000,000 class A-1A notes at 'AAA';

--$20,000,000 class A-1B notes at 'AAA';

--$67,500,000 class A-2 notes at 'AAA';

--$30,000,000 class P-1 notes at 'AAA';

--$15,000,000 class B notes at 'AA';

--$15,000,000 class C notes at 'A';

--$5,000,000 class D notes affirmed at 'BBB';

--$10,000,000 class L notes affirmed at 'BBB';

--$37,500,000 income notes affirmed at 'BB'.

Westways VI is a mortgage market value collateralized debt obligation (CDO) that closed on Dec. 21, 2005. The portfolio is managed by TCW Asset Management Co. Westways VI has issued $300 million in privately placed floating-rate secured and income notes. There are also class P-1 notes which consist of $9,900,000 of income notes and a $30,000,000 (notional principal amount) Fannie Mae (FNMA) STRIP. The proceeds of the all classes of notes, except for class P-1, are used to purchase a diversified portfolio of primarily floating-rate agency and 'AAA' rated private-label residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS).

The effective duration, spread duration, and effective convexity are all passing within the limits established for the portfolio. Fitch has affirmed all classes of notes as a result of the class A, B, C, and D notes passing the overcollateralization limits.

The ratings of the classes A-1A, A-1B, A-2, B, C, and D notes and class L loan interests reflect the likelihood that investors will receive periodic interest payments through the redemption date as well as their respective stated principal balances. The ratings of the income notes and class P-1 notes only reflect the likelihood that investors will receive their stated principal balances upon the legal final maturity date.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.