Fitch Downgrades 2 Financial Security Assurance-Insured Tranches of CDOs

NEW YORK--(Business Wire)--
Fitch Ratings downgraded its Insurer Financial Strength (IFS) rating of
Financial Security Assurance Inc. (FSA) to 'AA+' from 'AAA' on May 11, 2009; the
rating remains on Rating Watch Negative. As a result of this action, Fitch has
downgraded the following two collateralized debt obligation (CDO) tranches that
benefit from additional credit enhancement provided by a financial guaranty
policy issued by FSA:

CHYPS CBO 1999-1 Ltd./Corp.

--$1,636,160 class A-2 notes to 'AA+' from 'AAA'; remains on Rating Watch
Negative.

Northwestern Investment Management Company CBO I Fund Ltd./Corp.

-- $30,597,289 class A notes to 'AA+' from 'AAA'; remains on Rating Watch
Negative.

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
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Fitch Ratings
Kevin Kendra, +1-212-908-0760 (New York)
Alina Pak, +1-312-368-3184 (Chicago)
Sandro Scenga, +1-212-908-0278 (Media Relations, New York)
Email: sandro.scenga@fitchratings.com

Copyright Business Wire 2009