Six classes of Credit Suisse First Boston Mortgage Securities Corp.'s multifamily mortgage pass-through certificates, series 1995-M1, have been placed on Rating Watch Negative by Fitch Ratings.The affected securities are classes B, C, D, E, F-1, and F-2. The ratings on two other classes of the series were affirmed. Fitch said the rating actions stemmed from interest shortfalls totaling $180,000 in the Nov. 25 remittance report. The six classes will remain on Rating Watch Negative until the shortfalls are recovered, and could be downgraded if they persist, the rating agency said. Fitch can be found on the Web at http://www.fitchratings.com.
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The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
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