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Fitch Takes Various Rating Actions on 13 SF CDOs From 2002-2006 Vintages

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on tranches from 13 structured finance collateralized debt obligations (SF CDOs) with exposure to various structured finance assets. --Affirmed 38 tranches; --Upgraded nine tranches; --Downgraded and withdrawn four tranches; --Revised four Rating Outlooks to Positive. KEY RATING DRIVERS Thirty-two classes rated 'Csf' have credit enhancement (CE) levels that are exceeded by the expected losses (EL) from the distresse

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