More than 100 additional classes of subprime mortgage-backed securities were downgraded by Fitch Ratings on April 29. Fitch also affirmed the ratings on classes with outstanding balances of more than $2.6 billion. The securities affected by the latest downgrades were: 94 classes from 17 issues by First Franklin; 11 classes from seven issues by Renaissance Home Equity Loan Trust; five classes from three issues by Fremont Home Loan Trust; and one class from an issue by American Business Financial Services. Fitch can be found online at http://www.fitchratings.com.
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