NEW YORK (Business Wire) -- Fitch Ratings has taken various rating actions on 207 2006 vintage U.S. subprime RMBS transactions as part of its ongoing review of 2005-2007 vintage subprime RMBS.
A spreadsheet detailing Fitch's rating actions on the affected transactions, as well as Expected Loss and Loss Coverage Ratios for each bond, is available at www.fitchratings.com under the following headers:
Structured Finance >> RMBS >> Rating Action Reports
Today's rating actions reflect Fitch's analysis of expected default and loss from the collateral pool in addition to cash flow analysis of each class. Additional details are available in the following research, also available at www.fitchratings.com:
--'Updated Surveillance Criteria for U.S. Subprime RMBS' (Nov. 19, 2008);
--'U.S. Subprime RMBS/HEL Upgrade/Downgrade Criteria' June 12, 2007.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
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