Relevant:
- Friday Night, Lights Out — Fitch Downgrades $5.3 Billion in RMBS
- Fitch Places $97B of SF CDOs on Watch Negative on Worsening Mortgage Performance
- Moody’s Gets Busy Downgrading Alt-A RMBS Deals; 198 Classes Affected
- Fitch Downgrades 6 Tranches from 5 Hedge Fund CFOs; Remains on Watch Negative
- Fitch: Losses on 2007 US CMBS Conduits Could Approach 10%
2008-02-26 — housingwire.com
``The latest series of cuts was announced late Monday, with 10 Ameriquest and Argent-originated subprime deals affected.
Total downgrades were an eye-popping $8.1 billion, while affirmations totalled just $1.6 billion, Fitch said in a press statement. $4.3 billion remains on negative rating watch, even after downgrades to numerous ‘AAA’ rated tranches.''
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