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Countrywide Rating Watch Revised By Fitch

By admin | August 24, 2007

Fitch Ratings announced Thursday that it has revised its Rating Watch on Countrywide Financial Corp. (CFC) and its related subsidiaries from "denying" to "Evolving." This revised rating signifies that Fitch may upgrade, downgrade or affirm the current rating promptly they obtain gathered additional dope.

Fitch believes that spare effects caused by these liquidity issues will have significant consequences on origination volume and...

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Topics: Mortgage News |

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