Fitch Ratings has taken the following rating actions on the following CSFB Trust certificates. The classes represent a beneficial ownership interest in separate trust funds, which include bonds that have been affirmed, downgraded or placed on Rating Watch Negative.
CSFB 1997-1R
--M1 affirmed at 'AA-';
--M2 affirmed at 'A';
--M3 affirmed at 'A-';
--M4 affirmed at 'BBB';
--M5 rated 'BBB-'; placed on Negative Rating Watch.
CSFB 1999-1R
--M3 affirmed at 'BBB';
--B rated 'BB'; placed on Negative Rating Watch.
CSFB 2002-32R
--M1 downgraded to 'C/DR6' from 'CCC/ DR1';
--B1 downgraded to 'C/DR6' from 'CC/DR2'.
The rating actions were taken as part of Fitch's ongoing surveillance process of existing transactions.
Further information regarding current delinquency, loss, and credit enhancement statistics is also available at www.fitchratings.com.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Contacts:
Michele Patterson, +1-212-908-0779
Tara
Sweeney, +1-212-908-0347
Media Relations:
Sandro Scenga,
+1-212-908-0278
