Aug 24
Fitch Ratings announced Thursday that it has revised its Rating Watch
on Countrywide Financial Corp. (CFC) and its related
subsidiaries from “Negative” to “Evolving.” This revised rating signifies
that Fitch may upgrade, downgrade or affirm the current rating once they
have gathered additional information.
Fitch believes that
residual effects caused by these liquidity issues will have
significant impact on origination volume and…