Fitch: 5 U.S. RMBS & 1 U.S. CDO Wrapped by CIFG Remain on Watch Negative

NEW YORK--(Business Wire)--
Concurrent with today's downgrade of CIFG's IFS rating to 'A-'
from 'AA-', five RMBS bonds and one CDO wrapped by CIFG remain at
'AA-' and on Rating Watch Negative by Fitch Ratings.

Fitch will resolve its Rating Watch status on the affected bonds
in the coming weeks. The rating floor is currently 'A-', corresponding
to CIFG's IFS rating. Fitch will be analyzing the underlying
collateral performance, available credit enhancement and structural
features in helping to resolve the Rating Watch status.

Spreadsheets that contain the affected bonds are available on the
Fitch Ratings web site at www.fitchratings.com under the following
headers:

Structured Finance then RMBS then Special Reports

Structured Finance then Structured Credit then Special Reports

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, New York
Vincent Barberio, +1-212-908-0505 (RMBS)
Kevin Kendra, +1-212-908-0760 (CDOs)
Media Relations:
Sandro Scenga, +1-212-908-0278

Copyright Business Wire 2008