Fitch Downgrades CWALT Classes

January 18, 2008, 2:00 p.m. EST 1 Min Read

Fifty-seven classes from 10 issues of Countrywide alternative-A mortgage-backed securities transactions have been downgraded by Fitch Ratings. In addition, Fitch placed four classes on Rating Watch Negative and affirmed the ratings on 16 other classes in the transactions. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and loss expectations. The collateral consists chiefly of first-lien, alternative-A mortgage loans.

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