Fitch Upgrades 10 & Affirms 14 WaMu RMBS Ratings from 3 Securitizations.Business Editors NEW YORK--(BUSINESS WIRE)--June 16, 2003 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 taken rating actions on the following Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. Mortgage Securities Corp. (WaMu) residential mortgage-backed Mortgage-backed may refer to:
Washington Mutual Mortgage Securities Corp., 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 , series 2000-1 -- Class A 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 'AAA'; -- Class M-1 affirmed at 'AAA'; -- Class M-2 affirmed at 'AA+'; -- Class M-3 affirmed at 'A+'; -- Class B-1 affirmed at 'BB+'; -- Class B-2 affirmed at 'B+'. Washington Mutual Mortgage Securities Corp., mortgage pass-through certificates, series 2000-3 -- Class A affirmed at 'AAA'; -- Class M-1 upgraded to 'AAA' from 'AA'; -- Class M-2 upgraded to 'AA+' from 'A'; -- Class M-3 upgraded to 'A' from 'BBB'; -- Class B-1 affirmed at 'BB'; -- Class B-2 affirmed at 'B'. Washington Mutual Mortgage Securities Corp., mortgage pass-through certificates (WMMSC), series 2001-7 Groups I & III -- Class I-A, III-A affirmed at 'AAA'; -- Class C-B-1 upgraded to 'AAA' from 'AA'; -- Class C-B-2 upgraded to 'AAA' from 'A'; -- Class C-B-3 upgraded to 'AAA' from 'BBB'; -- Class C-B-4 upgraded to 'A+' from 'BB'; -- Class C-B-5 upgraded to 'BBB-' from 'B'. Washington Mutual, mortgage pass-through certificates (WMMSC), series 2001-7 Group II -- Class II-A affirmed at 'AAA'; -- Class II-B-1 upgraded to 'AAA' from 'AA'; -- Class II-B-2 upgraded to 'AA' from 'A'; -- Class II-B-3 affirmed at 'BBB'; -- Class II-B-3 affirmed at 'BB'; -- Class II-B-3 affirmed at 'B'. 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'. |
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