CHICAGO--(BUSINESS WIRE)--Fitch Ratings downgrades the notes issued by Schahin II Finance Company (SPV) Limited and Lancer Finance Company Ltd. and assigns Recovery Estimates (REs) as follows: Schahin II Finance Company (SPV) Limited (Schahin II) --Series 2012-1 senior secured notes due 2023 to 'CC' from 'B-', removed from Negative Watch; RE65 (approximately $650 million outstanding). Lancer Finance Company Ltd. (Lancer Finance) --Series 2010-1 senior secured notes due 2016 to 'CCC' from 'B', r