Fitch Withdraws Thornburg Mortgage Ratings

CHICAGO--(Business Wire)--
Fitch Ratings has withdrawn the Issuer Default Rating (IDR) and outstanding debt
ratings on Thornburg Mortgage, Inc. (Thornburg) as follows:

--IDR 'D';

--Senior notes 'C/RR6';

--Senior subordinated secured notes 'C/RR6';

--Subordinated notes 'C/RR6';

--Preferred stock 'C/RR6'.

Ratings may be withdrawn after 30 days have elapsed after a default. Fitch
downgraded Thornburg's IDR to 'D' on May 4, 2009 after the company filed for
Chapter 11 bankruptcy.

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
Greg Hiltebrand, 312-368-5448 (Chicago)
Steven Marks, 212-908-9161 (New York)
Sandro Scenga, 212-908-0278
(Media Relations, New York)
sandro.scenga@fitchratings.com

Copyright Business Wire 2009