Fitch Ratings Downgrades Various CWMBS - IndyMac - Inc. Issues.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 21, 2002 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. downgrades the following CWMBS (IndyMac) Inc.'s 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 : CWMBS (IndyMac) 1999-A (RAST 1999-A1): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 1999-B (RAST 1999-A2): -- Class B5 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. at 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 1999-E (RAST 1999-A5): -- Class B5, rated 'B', placed on Rating Watch Negative. CWMBS (IndyMac) 1999-F (RAST 1999-A6): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 1999-G (RAST 1999-A7): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 1999-H (RAST 1999-A8): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 1999-I (RAST 1999-A9): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-A (RAST 2000-A1): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-B (RAST 2000-A2): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-C (RAST 2000-A3): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-D (RAST 2000-A4): -- Class B5 downgraded to 'B-' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-E (RAST 2000-A5): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-F (RAST 2000-A6): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-G (RAST 2000-A7): -- Class B4, rated 'BB', placed on Rating Watch Negative; -- Class B5 downgraded to 'CCC' from 'B' and removed from Rating Watch Negative. CWMBS (IndyMac) 2000-H (RAST 2000-A8): -- Class B5 downgraded to 'B-' from 'B' and removed from Rating Watch Negative. These actions are taken due to the level of losses incurred and the high delinquencies in relation to the applicable credit support levels as of the July July: see month. 2002 distribution. For specific 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. and loss information, please visit the Fitch Ratings web site at 'www.fitchratings.com'. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion