The ratings of HomeSide Lending Inc. and HomeSide International Inc., Jacksonville, Fla., have been placed on FitchAlert with negative implications by Fitch IBCA Inc. The action followed the placement on FitchAlert-negative of the ratings of National Australia Bank Ltd., which owns the U.S. holding company whose subsidiary acquired HomeSide and HomeSide Lending in February.The rating action on NAB was, in turn, related to the placement on FitchAlert-negative of Australia's foreign currency. The affected HomeSide ratings include those on HomeSide Lending's senior medium-term notes (rated AA-minus), its commercial paper program (rated F1-plus), and HomeSide's $200 million senior secured second-priority notes due 2003 (rated A-plus).
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