Fitch Affirms $1.5B & Downgrades $422.2MM from 7 HSBC 2005 Subprime Deals.
Business Wire › April 11, 2008
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Fitch Affirms $1.5B & Downgrades $422.2MM from 7 HSBC 2005 Subprime Deals.
NEW YORK -- Fitch Ratings has taken the following rating actions on seven HSBC Home Equity mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are now removed. Affirmations total $1.5 billion and downgrades total $422.2 million. Additionally, $215.6 million was placed on Rating Watch Negative. Break Loss percentages (BL) and Loss Coverage Ratios (LCR) for each class are included with ...
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