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- Fitch Modifies Alt-A Rating Method, "large number" Senior Classes Face Downgrades
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“I don’t know if it’s going to be a majority or not but I think a large number of the [Alt-A] senior classes are facing downgrade pressure.”Grant Bailey, a senior director at Fitch, May 30, 2008From Bloomberg: Fitch Changes Method of Rating Alt-A Mortgage Bond Fitch Ratings modified how it assesses outstanding securities backed by Alt-A U.S. mortgages by starting to update projections for losses from non-delinquent loans instead of keeping estimates static from the time of issuance. …
Original Source
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30 May, 2008| housingblogs |
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