Fitch Ratings in New York said it is changing its mortgage insurance rating model to reflect the impact of the U.S. subprime mortgage market collapse and could drop a few company ratings by a notch.
It said a ratings review and updates of mortgage insurance firms could be expected in two weeks.
The rating firm said its mortgage insurance model updates correspond to recent revisions that were made by Fitch's U.S. Residential Mortgage-Backed Securities (RMBS) group in its mortgage default and loss model, known as ResiLogic.
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