Fitch Eyes CWABS Classes

Published December 23, 2003, 3:00 p.m. EST

1 Min Read

Two classes of Countrywide asset-backed securities issues have been placed on Rating Watch Negative by Fitch Ratings.Class BV of CWABS series 2000-2, group 2, and class BV3 of CWABS series 2000-2, group 3, were placed on Rating Watch Negative. In addition, Fitch affirmed the ratings on seven other classes in the two securitizations and on eight classes from two other deals. Fitch attributed the negative rating actions to high delinquencies and the deterioration of credit enhancement.

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