Fitch Downgrades and Withdraws the Rating on Nomura CBO 1997-1

NEW YORK--(Business Wire)--
Fitch Ratings has downgraded and withdrawn the rating on Nomura CBO 1997-1, Ltd.
(Nomura 1997-1) as follows:

--$23,749,845 class B notes to 'D' from 'C/RR6'; withdrawn.

Nomura 1997-1 is a collateralized bond obligation (CBO) managed by Nomura
Corporate Research and Asset Management Inc. that closed April 29, 1997. The
transaction failed to pay the outstanding notional on class B upon reaching the
final maturity date on May 15, 2009.

The rating of the class B notes addresses the likelihood that investors will
receive ultimate and compensating interest payments, as per the governing
documents, as well as the stated balance of principal by the legal final
maturity date.

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

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