Class M-2 of Metropolitan Asset Funding series 2000-A has been downgraded from BB-minus to B-minus by Fitch Ratings.In addition, class B-1 of Metropolitan Asset Funding series 2000-B was placed on Rating Watch Negative. Fitch also affirmed the ratings on seven other classes in the two deals. The negative rating actions reflect higher-than-expected loss levels on the underlying collateral, the rating agency said.
Metro Asset Funding Class Downgraded
December 15, 2003, 3:00 p.m. EST 1 Min Read
