CWMBS Classes Downgraded

Published May 11, 2004, 2:00 p.m. EDT

1 Min Read

Two classes in two CWMBS (IndyMac) Inc. mortgage pass-through deals have been downgraded by Fitch Ratings.The downgrades were as follows: series 1995-C, class B4, from BB to B and removed from Rating Watch Negative; and series 1995-K A1, class B1D, from CCC to C. Fitch also affirmed the ratings on 20 residential MBS classes in six transactions and removed the following classes from Rating Watch Negative: series 1995-K A1, class B1C; series 1995-K A2, class B2D; series 1995-K A3, class B3C; series 1995-K A4, class B4C; and series 2000-E, class B3. The rating agency said the downgrades stemmed from loss levels and high delinquencies relative to the applicable credit support. Fitch can be found online at http://www.fitchratings.com.

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