Just a few days behind Standard & Poor’s and Moody’s Investors Service, Fitch Ratings has become the latest to downgrade Fairbanks Capital Corp.'s residential subprime primary servicer rating to 'RPS2-' from 'RPS1' as well as its Alt-A and Home Equity (closed-end seconds and HELOCs) primary servicer ratings to 'RPS2-' from 'RPS1-'.

Fitch also downgraded the corporation’s special servicer rating to 'RSS2-' from 'RSS1'. All of Fairbanks’ servicer ratings remain on watch for further downgrade.

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