Class M of Bear Stearns Asset Backed Securities Inc. series 2003-ABF1 has been placed on Rating Watch Negative by Fitch Ratings.The rating agency also affirmed the rating on one other class in the deal. Fitch attributed the negative rating action to the fact that the payment of principal and interest is guaranteed by Radian Asset Assurance Inc., which has been assigned a negative outlook by the rating agency.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry