Pain Lingering For Provide Gems Deal, Fitch Says

30 May 2007

The Provide Gems 2002-1 ("Gems") transaction is likely to continue experiencing heavy losses in the coming quarters, Fitch Ratings said today after it downgraded the class B, C, D and E tranches of the German synthetic residential mortgage-backed securitization this month.

--Daniel Flatt

The Provide Gems 2002-1 ("Gems") transaction is likely to continue experiencing heavy losses in the coming quarters, Fitch Ratings said today after it downgraded the class B, C, D and E tranches of the German synthetic residential mortgage-backed securitization this month. Gems is linked to a ...

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