Class B-1 of Fund America Investors Corp. mortgage pass-through certificates, series 1994-A, has been downgraded from A-minus to BBB-minus by Fitch Ratings.Fitch also affirmed the ratings on two other classes in the subprime transaction. The downgrade was attributed to increased credit risk caused by a low collateral balance and the small number of loans (five) remaining in the trust, which increases the volatility of the deal.
Fitch Downgrades FAIC MBS Class
April 07, 2006, 2:00 p.m. EDT 1 Min Read
