Class B4 of Nomura Asset Acceptance Corp. Alternative Loan Trust mortgage pass-through certificates, series 2003-A1, has been placed on Rating Watch Negative by Fitch Ratings.Fitch also affirmed the ratings on 11 classes in two Nomura deals. The downgrade was attributed to a deterioration in the relationship between loss expectations and credit support. As of June, approximately 4.2% of the pool was more than 60 days delinquent, the rating agency reported. Fitch can be found on the Web at http://www.fitchratings.com.
Fitch Eyes Nomura MBS Class
July 30, 2007, 2:00 p.m. EDT 1 Min Read
