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Wednesday, December 26, 2007

Fitch: May Cut Ratings on Insured RMBS

by Calculated Risk on 12/26/2007 10:26:00 PM

From Reuters: Fitch may cut ratings on some insured mortgage bonds

Fitch Ratings on Wednesday said it may cut its ratings on certain residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and Security Capital Assurance.

Fitch said it may cut 87 MBIA-insured mortgage bonds, 64 Ambac-insured bonds, 35 FGIC-insured bonds and 19 SCA-insured bonds.