The residential primary servicer rating for subprime product of Accredited Home Lenders Inc. has been placed on Rating Watch Negative by Fitch Ratings.The company's primary servicer rating is RPS3-minus. (Fitch rates residential servicers on a scale of 1 to 5, with 1 being the highest rating.) Fitch said the actions reflect "the continued pressure on [Accredited Home Lenders Holding Co.'s] liquidity position in the increasingly challenged subprime mortgage market." The rating agency noted that Accredited Home Lenders Holding Co., the parent company of Accredited Home Lenders Inc., has announced a merger agreement with Lone Star Fund V (U.S.) LP.
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