Fitch SMARTView: 26 U.S. ABS SBA/Small Business Transactions Designated with SMARTView Date

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Tue Jun 16, 2009 3:24pm EDT

CHICAGO--(Business Wire)--
Following its monthly surveillance review, Fitch Ratings designated 26 U.S.
asset-backed securities (ABS) SBA/Small Business Loan transactions with a
SMARTview date of June 16, 2009, indicating that performance has been reviewed
and a rating action is not immediately anticipated within the next 30 days. No
transaction was designated as 'Under Analysis'. 

To review a list of all deals Fitch currently as 'Under Analysis', please use
the following link (accessible to all users of the Fitch web site):
www.fitchratings.com/smartview

As Fitch receives monthly information on SBA/Small Business Loan ABS
transactions from trustees and servicers, Fitch analysts run the data through
various internal algorithms that identify classes of a transaction as possible
candidates for upgrade or downgrade. Fitch's analysts scrutinize the output to
decide which deals need further review, which are noted as 'Under Analysis'.
Deals not selected for further review are given a SMARTView date indicating that
the performance information has been reviewed. 

A transaction may also be designated as 'Under Analysis' when a review is
undertaken because of a material event affecting the transaction or when a
regular, more in-depth periodic review is being performed. While transaction
performance is reviewed monthly, Fitch conducts detailed portfolio reviews at
least annually. 

SMARTView is available on the Fitch Ratings web site at www.fitchratings.com,
along with the report titled 'SMARTView, Fitch U.S. Structured Finance Monthly
Public Reviews'. 

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
Du Trieu, 312-368-2091, Chicago
Aoto Kenmochi, CFA, 212-908-0867, New York
or
Media Relations:
Sandro Scenga, 212-908-0278, New York
Email: sandro.scenga@fitchratings.com

Copyright Business Wire 2009

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