Fitch Puts Countrywide on 'Evolving' Status

Fitch Ratings has moved all its ratings on Countrywide Financial Corp., Calabasas, Calif., from Rating Watch Positive to Rating Watch Evolving. Fitch said the action stems from further disclosures about Bank of America's planned treatment of Countrywide debt after its proposed acquisition. The rating agency said it believes the acquisition will be completed, but that the rating action reflects "uncertainty over the transaction's final structure." Fitch can be found on the Web at http://www.fitchratings.com.

Processing Content

For reprint and licensing requests for this article, click here.
Servicing Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More