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Fitch downgrades $16.2 million in AHM bonds
American Home Mortgage insisted until its bankruptcy filing last month that its mortgages were squarely in the relatively safe, "near-prime" category, but a key rating agency says the the mortgages fall in the subprime camp.
Fitch Ratings, one of three firms that provides Wall Street with guidance on the likely performance of bonds and other financial assets, downgraded $16.2 million of American...
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