Though Standard & Poor’s and Fitch Ratings announced negative actions on Fairbanks Capital Corp.’s servicer ratings, the outstanding transactions serviced by the company have not been impacted, said Credit Suisse First Boston.

Last week, S&P lowered Fairbanks servicer rating from Strong to Below Average. This move disqualifies Fairbanks from being primary servicer on any deals rated by S&P going forward. Fitch, meanwhile, has placed Fairbanks' servicer rating on ratings watch negative pending a review that will take place over the next 30 days.

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