Fitch Eyes Ameriquest HEL Issues

Published February 27, 2006, 3:00 p.m. EST

1 Min Read

Two classes from two Ameriquest Mortgage Securities Inc. home equity issues have been placed on Rating Watch Negative by Fitch Ratings.The affected securities are class M2 of series 2002-C and class M-4 of series 2002-3. In addition, Fitch upgraded 22 classes from eight Ameriquest transactions and affirmed the ratings on 89 classes from 24 deals. The negative actions were attributed to a deterioration in the relationship between credit enhancement and expected losses, the rating agency said.

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