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COPYRIGHT 2003 Business Wire
Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 26, 2003
CWMBS, Inc.'s (CWMBS) $381.2 MM mortgage pass-through certificates Series 2003-J13, CHL Mortgage Pass-Through Trust 2003-J13 classes 1-A-1 through 1-A-9, 1-X, 2-A-1, 2-A-2, 2-X, 3-A-1, 3-X, PO and A-R (senior certificates) are rated 'AAA' by Fitch Ratings.
The 'AAA' rating on the senior certificates reflects the 2.4% subordination provided by the classes M and B certificates. Fitch believes the above credit enhancement will be adequate to support mortgagor defaults as well as bankruptcy, fraud and special hazard losses in limited amounts. In addition, the ratings also reflect the quality of the underlying mortgage collateral, strength of the legal and financial structures and the master servicing capabilities of Countrywide Home Loans Servicing LP (Countrywide Servicing), a direct wholly owned subsidiary of Countrywide...
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