Babson, TCW CDO Series Downgraded

Downgrades to TCW Asset Management’s Westways Funding and Babson Capital Management’s Enhanced Mortgage-Backed Securities market-value collateralized debt obligation series were among a number of ratings actions from Derivative Fitch this week.

  • 11 Sep 2007

--Aaron Johnson

Downgrades to TCW Asset Management’s Westways Funding and Babson Capital Management’s Enhanced Mortgage-Backed Securities market-value collateralized debt obligation series were among a number of ratings actions from Derivative Fitch this week. The managers did not return calls seeking comment. Derivative Fitch analysts were not immediately available.

Westways VI ...

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