Bear ABS Class Off Watchlist

Published February 14, 2007, 3:00 p.m. EST

1 Min Read

Class M-7 of Bear Stearns Asset-Backed Securities series 2005-2 has been removed from Rating Watch Negative by Fitch Ratings.In addition, Fitch affirmed the ratings on seven other classes in the deal. The Rating Watch removal reflects a decline in monthly losses, Fitch said. "The average monthly excess spread over the past six months has been greater than monthly losses and has allowed overcollateralization to grow," the rating agency said. Fitch can be found online at http://www.fitchratings.com.

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