Fitch Ratings Upgrades Various CWMBS Mtge P-T Certificates.Business Editors NEW YORK--(BUSINESS WIRE)--July 19, 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. has upgraded 13 series of CWMBS, Inc. 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 as follows: CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1994-L -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1994-M Pool 1 -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1994-O -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1994-U -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1995-B -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1995-D -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1995-I -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1995-N -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1995-Q -- Class B5 is 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 taken off Rating Watch. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1995-U -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1996-I -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1996-K -- Class B5 is affirmed at 'B' and taken off Rating Watch CWMBS, Inc. (IndyMac) mortgage pass-through certificates, series 1997-G -- Class B1 to 'AAA' from 'AA'; -- Class B2 to 'AA' from 'A'; -- Class B3 to 'A' from 'BBB'. These rating actions are being taken as a result of low delinquencies and losses, as well as increased credit support. 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 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 statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion