Fitch Ratings has downgraded 119 bonds in 85 RMBS transactions to 'D,' saying the securities have suffered writedowns on the underlying principal.

All the bonds affected previously had had 'C' ratings that indicated a default was expected.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.