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RMS ratings affirmed along with several other subprime tranches

Initially, news of Kensington Mortgages' non-conforming RMBS, Residential Mortgage Securities tapping its reserve accounts (see ASR 7/4/05) was met with no immediate concern from Fitch Ratings. Just one month later, the rating agency announced that it has affirmed 90 tranches of eight RMS transactions, as well as upgrading one...

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