"The default risk on 489 bonds backed by residential mortgage-backed
securities prompted Fitch Ratings to slash the bonds' ratings
this week.
The bonds are part of 291 different residential mortgage-securities deals.
Fitch moved the bonds to 'Dsf' status—a ratings level that generally suggests the occurrence of a principal write-down.
Prior to the downgrade, the impacted bonds maintained 'Csf' or 'CCsf' ratings.
Fitch says ratings below 'Bsf' usually signal a coming default..."
at http://www.housingwire.com/2012/01/25/fitch-downgrades-rmbs-bond-ratings-on-default-risk?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
The bonds are part of 291 different residential mortgage-securities deals.
Fitch moved the bonds to 'Dsf' status—a ratings level that generally suggests the occurrence of a principal write-down.
Prior to the downgrade, the impacted bonds maintained 'Csf' or 'CCsf' ratings.
Fitch says ratings below 'Bsf' usually signal a coming default..."
at http://www.housingwire.com/2012/01/25/fitch-downgrades-rmbs-bond-ratings-on-default-risk?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
