Fitch Ratings has taken rating actions on the following Deutsche Financial Capital (DFC) manufactured housing issues listed below.
Series 1997-I
--Class A-3 affirmed at 'AA+';
--Class A-4 affirmed at 'AA+';
--Class A-5 affirmed at 'AA+';
--Class A-6 affirmed at 'AA+';
--Class M affirmed at 'B-/DR2';
--Class B-1 revised to 'C/DR6' from 'C/DR5'.
Series 1998-I
--Class A-2 affirmed at 'A';
--Class A-3 affirmed at 'A';
--Class A-4 affirmed at 'A';
--Class A-5 affirmed at 'A';
--Class A-6 affirmed at 'A';
--Class A-7 affirmed at 'A';
--Class M remains at 'CC/DR2';
--Class B-1 revised to 'C/DR6' from 'C/DR5'.
Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com.
Fitch's Distressed Recovery (DR) ratings are designed to estimate recoveries on a forward-looking basis while taking into account the time value of money.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.