LONDON (Thomson Financial) - Fitch Ratings late Friday said it downgraded 420 classes of asset-backed securities (ABS), following its cut on the ratings of bond insurer Ambac Financial Group earlier in the day.
The ratings remain on Rating Watch Negative, Fitch said. tf.TFN-Europe_newsdesk@thomson.com vs COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.