Fitch Affirms 12 Vanderbilt Mortgage MH Securitizations

Business Wire,  Jan 5, 2005  

• E-mail
• Print
• Link

-- Class IA-5 affirmed at 'AA-';

-- Class IM-1 affirmed at 'A';

-- Class B-1 affirmed at 'BBB', removed from Rating Watch Negative.

2001-B

-- Classes IA-2 to A-4 affirmed at 'AAA';

-- Class IA-5 affirmed at 'AA';

-- Class IM-1 affirmed at 'A';

-- Class B-1 affirmed 'BBB', removed from Rating Watch Negative.

As of Jan. 14, 2004, a total of 21 subordinate classes were secured by a guarantee provided by CHI. When Berkshire acquired CHI, these classes were placed on Credit Watch Evolving. After a review of the acquisition, Fitch is no longer able to maintain an opinion on the financial strength of CHI as separate entity and has therefore withdrawn the ratings on the following classes:

-- Series 1998-A, Group 1 Class IB-2 rated 'BB+'

-- Series 1998-A, Group 2 Class IIB-3 rated 'BBB'

-- Series 1998-B, Group 1 Class IB-2 rated 'BB+'

-- Series 1998-B, Group 2 Class IIB-3 rated 'BBB'

-- Series 1998-C, Group 1 Class IB-2 rated 'BB+'

-- Series 1998-C, Group 2 Class IIB-3 rated 'BBB'

-- Series 1998-D, Group 1 Class IB-2 rated 'BB+'

-- Series 1998-D, Group 2 Class IIB-3 rated 'BBB'

-- Series 1999-A, Group 1 Class IB-2 rated 'BB+'

-- Series 1999-A, Group 2 Class IIB-3 rated 'BBB'

-- Series 1999-B, Group 1 Class IB-2 rated 'BB+'

-- Series 1999-B, Group 2 Class IIB-3 rated 'BBB'

-- Series 1999-C, Group 1 Class IB-2 rated 'BB+'

-- Series 1999-C, Group 2 Class IIB-3 rated 'BBB'

-- Series 1999-D, Group 1 Class IB-2 rated 'BB+'

-- Series 1999-D, Group 2 Class IIB-4 rated 'BBB'

-- Series 2000-A, Group 1 Class IB-2 rated 'BB+'

-- Series 2000-A, Group 2 Class IIB-3 rated 'BBB'

-- Series 2000-C Class B-2 rated 'BB+'

-- Series 2000-D Class B-2 rated 'BB+'

-- Series 2001-B Class B-2 rated 'BB+'

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning