Fitch Takes Various Rating Actions on 5 DLJ Subprime Transactions
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NEW YORK--(Business Wire)-- Fitch Ratings has taken the following rating actions on DLJ mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are now removed. DLJ 1995-QE3 --Class A-1 revised to 'C/DR3' from 'C/DR2'; Deal Summary --60+ day Delinquency: 16.91% --Realized Losses to date (% of Original Balance): 16.94% DLJ 1996-Q2 --Class A-1 affirmed at 'AAA'; --Class SA affirmed at 'AAA'; --Class A-2 affirmed at 'AA'; --Class B-1 revised to 'CCC/DR2' from 'CCC/DR1'; Deal Summary --60+ day Delinquency: 14.91% --Realized Losses to date (% of Original Balance): 8.57% DLJ 1996-QB --Class B-1 remains at 'CCC/DR2'; --Class B-2 remains at 'DD'; Deal Summary --60+ day Delinquency: 20.69% --Realized Losses to date (% of Original Balance): 9.29% DLJ 1996-QJ --Class B-1 affirmed at 'A+'; --Class B-2 affirmed at 'BB+'; --Class B-3 remains at 'C/DR5'; Deal Summary --60+ day Delinquency: 16.75% --Realized Losses to date (% of Original Balance): 12.10% DLJ ABS 2000-5 --Class A-1 downgraded to 'AA' from 'AAA'; --Class A-2 downgraded to 'AA' from 'AAA'; --Class A-3 downgraded to 'AA' from 'AAA'; --Class A-IO affirmed at 'AAA'; --Class M-1 downgraded to 'A' from 'AA'; Deal Summary --60+ day Delinquency: 31.53% --Realized Losses to date (% of Original Balance): 3.13% Additional details are available in the following research, available at www.fitchratings.com: --'Downgrade Criteria for Recent Vintage U.S. Subprime RMBS' (Aug. 8, 2007); All of Fitch's ratings criteria for U.S. subprime RMBS available at www.fitchratings.com/subprime. For a list of deals currently under analysis please visit www.fitchratings.com/smartview. Further information regarding current delinquency, loss, and credit enhancement statistics is also available at www.fitchratings.com. Fitch's Distressed Recovery (DR) ratings are designed to estimate recoveries on a forward-looking basis while taking into account the time value of money. 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 Tara Sweeney, +1-212-908-0347 Michele Patterson, +1-212-908-0779 (New York) Media Relations: Sandro Scenga, +1-212-908-0278 (New York) Copyright Business Wire 2008
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