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RESOLUTION TRUST 1991-M7 CLASS A-1 PASS-THROUGHS 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 RESOLUTION TRUST 1991-M7 CLASS A-1 PASS-THROUGHS 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Dec. 30 /PRNewswire/ -- Resolution Trust Corp.'s $74.8 million Series 1991-M7 Class A-1 certificates are rated 'AAA' by Fitch. The $159.2 million Class A-2 and A-3 certificates are rated 'AA' and the $6.5 million Class B Certificates are rated 'AA-'.
 The ratings reflect a number of pool characteristics, including geographic diversity, the large number of loans in the pool and the performing nature of the loans, but they are based primarily on the credit enhancement provided by the reserve of about 29 percent of the principal balance for the benefit of all classes, the subordination of Class B to Class A-1, and the use of excess interest received to reduce certificate principal.
 Weighing heavily in Fitch's ratings is the fact that the weighted average debt service coverage ratio for the pool is 1.47 times on the 45.5 percent of the loans for which recent operating data is available. This relatively high coverage provides a margin of safety which should reduce defaults in a recessionary environment. The ratings also reflect Fitch's confidence in the integrity of the legal and financial structures, as well as the RTC's indemnity to certificateholders for any losses caused by a breach of the sellers' representations and warranties. Also reflected in the rating is the RTC's obligation to repurchase delinquent loans associated with properties where hazardous materials are present.
 The four certificate classes are collateralized by three separate loan groups, with Class A-1 and Class B sharing the same collateral, separated on the basis of interest formulas. Classes A-1 and B are secured by a pool of fixed rate loans and adjustable rate loans with a variety of indices, including six-month to five-year Treasuries and the prime rate. Class A-2 is secured by fixed rate loans and loans with high interest rate floors. Class A-3 is secured by loans tied to one- year Treasury rates.
 Just under half the mortgage pool consists of fixed rate loans. The loans are secured by first liens on average quality multifamily residential properties located in 28 states and Washington, D.C. While Ohio contains 26.6 percent of the loans by principal balance, no other state contains more than 10.5 percent of the loans.
 -0- 12/30/91
 /CONTACT: Ron Wechsler, 212-908-0532, or Janet Price Forst, 212-908-0527, both of Fitch/ CO: Resolution Trust Corporation ST: IN: FIN SU: RTG


JT -- NY044 -- 5775 12/30/91 17:57 EST
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Publication:PR Newswire
Date:Dec 30, 1991
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