The franchise sector took a few rating hits last week that could potentially dampen investor confidence in the sector, said a number of industry sources.

Just days after Moody's Investors Service downgraded three classes of Global Franchise Trust 1998-1, Fitch IBCA downgraded two separate Franchise Mortgage Acceptance Corp. trusts, FMAC 1997-C and FMAC 1998-A. Fitch had previously acted on the GFT deal as well.

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