Class B4 of Chase Mortgage Finance Trust mortgage pass-through certificates series 1999-S12 has been downgraded from B to B-minus by Fitch Ratings and removed from Rating Watch Negative.The rating agency attributed the action to loss levels and high delinquencies relative to applicable credit support. As of March 25, 2.81% of the pool was over 90 days delinquent, and class B4 had 0.70% credit support remaining, Fitch said. The rating agency can be found online at http://www.fitchratings.com.
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