Two classes of Residential Accredit Loan Inc. mortgage asset-backed pass-through certificates, series 2000-QS1, have been downgraded by Fitch Ratings.Class M-3 was downgraded from BBB to BB-plus, and class B-1 was downgraded from B-minus to CCC. In addition, Fitch upgraded 17 classes in nine RALI transactions, and affirmed the ratings on more than 100 classes in 17 RALI deals. Fitch attributed the downgrades to "poor performance of the underlying collateral, as well as high delinquencies in the transaction." Fitch can be found online at http://www.fitchratings.com.
Fitch Downgrades RALI Classes
September 27, 2004, 2:00 p.m. EDT 1 Min Read
