Fitch Eyes C-BASS RMBS Classes

Published January 13, 2006, 3:00 p.m. EST

1 Min Read

Classes B-1 and B-2 from Credit Based Asset Servicing and Securitization LLC series 2000-CB4, a mortgage loan securitization, have been placed on Rating Watch Negative by Fitch Ratings.Fitch also upgraded four classes from two other C-BASS transactions and affirmed the ratings on five classes. The negative rating actions reflect a deterioration in the relationship between credit enhancement and loss expectations, the rating agency said. Series 2000-CB4 consists primarily of subprime conventional fixed-rate and adjustable-rate mortgage loans.

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