Fitch downgrades Craegmoor Funding No. 2

N. C.
January 2006
Asset Securitization Report;1/23/2006, Vol. 6 Issue 3, p16
The article reports on the downgrading of Craegmoor Funding No. 2 by the rating agency Fitch Ratings in the U.S. The announcement was made by Fitch which has downgraded all unwrapped tranches of notes issued under the business securitization of Craegmoor. According to Fitch, it remains concerned about several issues connected with the deal which include qualified and late accounts, uncertainty over the reports of past performance.


Related Articles

  • Fitch to introduce auto ABS seller/servicer ratings. G. C. // Asset Securitization Report;11/28/2005, Vol. 5 Issue 45, p7 

    The article reports that Fitch Ratings Inc. (FRI) is working on a new methodology for assigning formal seller/servicer ratings to auto asset-backed security (ABS) issuers. Lena Katsnelson, Associate Director of FRI has confirmed the methodology was being finalized but could not specify when it...

  • Bear Stearns Class Sees Lower Rating.  // National Mortgage News;8/7/2006, Vol. 30 Issue 43, p30 

    The article reports that Fitch Ratings has placed the class M-7 of Bear Stearns Asset-Backed Securities series 2005-2 on Rating Watch Negative. According to the article, Fitch has affirmed the ratings on seven other classes in the deal. Fitch explains that Bear Stearns' Rating Watch placement...

  • Fitch: European Consumer ABS performance stable. Colomer-Gaffney, Nora // Asset Securitization Report;6/13/2005, Vol. 5 Issue 23, p21 

    Reports that Pan-European consumer asset-backed securities (ABS) issuance has risen, according to Fitch Ratings Inc. Support of the economic factors behind the market on the rise in delinquencies chartered by the agency's consumer ABS consumer indexes; Percentage of the rating indexes...

  • Fitch expects Korean MBS to shine. R.D. // Asset Securitization Report;3/20/2006, Vol. 6 Issue 11, p22 

    The article reports on the release of Fitch Ratings' "Asia Pacific 2006 and 2006 Outlook" in which the agency forecasted stable cross-border issuance from the region in 2006. South Korea is expected to move away from consumer finance deals towards residential mortgage securitization. Samsung...

  • Northern Rock debt downgraded.  // Lending Strategy;Sep2009, p9 

    The article reports on the decision of Fitch Ratings to downgrade the subordinated debt of Northern Rock following the news that the lender is to delay interest payments to some of its bond holders. The tier 1 debt securities of Northern Rock were downgraded from CC to C. According to Northern...

  • Fitch looks at synthetic CDO rating stability. M. D. // Asset Securitization Report;8/7/2006, Vol. 6 Issue 31, p12 

    The article reports on the launch of Stability Scores by Fitch Ratings Inc. which is designed for synthetic collateralized debt obligations. The scores will provide investors with additional transparency regarding performance expectations. Stability scores will indicate the propensity of a...

  • Fitch recaps 3Q03, optimistic for 4Q03.  // Asset Securitization Report;11/03/2003, Vol. 3 Issue 42, p12 

    Reports on the evaluation made by Fitch Ratings of the ratings migrations for the third quarter of 2003. Zero upgrades in the three-month period ending September 30, 2003; Collateral performance in the prime sectors of consumer asset classes; Negative outlook for subprime portfolios in the...

  • Subprime IO loans boost investors. McGeer, Bonnie // Asset Securitization Report;2/27/2006, Vol. 6 Issue 8, p10 

    The article reports on the interest of investor in subprime interest-only loans in the United States due to the uncertainty surrounding the future performance of the loans. According to a Fitch Ratings report, the favorable performance of IO does not reflect the potential risks. The payment...

  • Fitch sees rough waters ahead. K.D. // Asset Securitization Report;4/21/2003, Vol. 3 Issue 16, p7 

    Reports that Fitch Ratings Inc. has expressed concern over the future performance of certain troubled asset-backed securities issuers. Consequences of poor credit ratings; Changes in Fitch's credit-card rating methodology; Future of the airline and tobacco industries.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics