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Fitch Affirms Aurora’s Key Servicer Ratings

Dec 19, 2008By

One Lehman Brothers Holding, Inc. business unit saw its fortunes improve on Thursday, with Fitch Ratings holding steady with its latest ratings on Aurora Loan Services, LLC — the rating agency had cut its servicer ratings tied to Aurora in late Sept., after Lehman had filed for bankruptcy, and said it may cut ratings further pending a review of the firm’s operations. Fitch’s decision to hold ratings steady and to remove the servicer from negative ratings watch should be seen as a net positive for the Littleton, Colo.-based servicing shop.