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Fitch Downgrades More Subprime Bonds.
NEW YORK -- Over 100 classes of mortgage-backed securities were recently downgraded by Fitch Ratings as a result of changes to its subprime loss forecasting assumptions.
Fitch also affirmed the ratings on classes with outstanding balances of more than $15 billion.
Among the downgrades were the following mortgage pass-through certificates: 20 classes from five Merrill Lynch Mortgage Investors issues, 18 classes from three IndyMac ABS Inc. issues, 11 classes from one GE-WMC Mortgage Securities LLC issue and 10 ...
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Source: HighBeam Research, Fitch Downgrades More Subprime Bonds.