Fitch Ratings affirmed the ratings for classes A-8 and A-9 in the Mellon Residential Funding Corp. with both classes at ‘AAAsf’ with a “negative” outlook.
Previously, the transaction was downgraded on Dec. 5. The revised ratings reflect the financial guaranty provided by government-sponsored enterprise Freddie Mac.
Fitch resolved the Rating Watch status of various classes in the Prime, Alt-A, subprime and Re-REMIC residential mortgage-backed securitization sectors for the Dec. 5 transaction.
A committee of Fitch analysts reviewed all actions.