Fitch Downgrades $18.4 Bln In RMBS

Fitch Ratings has downgraded $18.4 billion in subprime RMBS, representing 1,003 classes.

  • 03 Oct 2007

--Cathy Cunningham

Fitch Ratings has downgraded $18.4 billion in subprime RMBS, representing 1,003 classes. The downgrades, together with $155.1 billion in affirmed classes, complete Fitch’s re-rating of its rated 2006 vintage U.S. subprime RMBS transactions. Fitch initiated the review in July (TS, 7/13), and began taking rating actions ...

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