Fitch Downgrades Eight Delta MBS Classes

Published March 31, 2005, 3:00 p.m. EST

1 Min Read

Fitch Ratings has downgraded eight classes from a group of Delta Funding mortgage transactions but upgraded or affirmed a greater number of classes in total from the same group of deals.The classes downgraded were: series 1997-2, class M-1 to A from AA and class M-2 to BB from BBB+; series 1999-2, class B to CC from CCC; series 1999-3, class M-2 to BBB from A and class B to C from CCC; series 2000-1, class B to CC from B-; series 2000-2, class M-2 to BBB- from A; and series 2000-4, class M-2 to CCC from B. Fitch can be found on the Web at http://www.fitchratings.com.

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