Class B3 of CWMBS (Countrywide Home Loans Inc.) mortgage pass-through certificates series 2001-3 (Alt 2001-2) has been downgraded from B to CCC by Fitch Ratings.The rating agency also removed class B4 of CWMBS series 2003-41 from Rating Watch Negative. In addition, Fitch upgraded four classes and affirmed the ratings on 22 classes in five CWMBS transactions. Fitch attributed the downgrade to losses and high delinquencies relative to decreasing credit support levels. Fitch can be found on the Web at http://www.fitchratings.com.
CWMBS Class Downgraded
March 25, 2005, 3:00 p.m. EST 1 Min Read
