Fitch Webcast: High Recoveries Still Possible For Low Rated U.S. RMBS; 11/12 @ 10AM ET

• Press Release
• Source: Fitch Ratings
• On 9:51 am EST, Thursday November 5, 2009

NEW YORK--(BUSINESS WIRE)--Though many formerly investment grade U.S. RMBS have been downgraded to distressed levels, ultimately principal and interest recoveries can be substantial, according to Fitch Ratings.

Fitch analysts will discuss the process for assigning Recovery Ratings (RRs) to distressed RMBS bonds during a webcast to take place on Thursday Nov. 12 at 10:00 a.m. ET.

The webcast, titled 'Low Ratings, High Recoveries' will include a discussion of the key factors considered by Fitch in analyzing the recovery prospects for distressed RMBS, the value that this analysis can provide to investors, regulators and other market participants and what information can be gleaned from the over 21,000 U.S. RMBS RRs assigned and monitored by Fitch.

U.S. RMBS Group Head Huxley Somerville and Senior Director Grant Bailey will lead the call, which will be moderated by Kevin Duignan, Global Head of Corporate Communications. The panel is expected to last approximately 30 minutes, with a Q&A session immediately to follow.

Dial-in Information

--Date: Thursday Nov. 12, 2009

--Time: 10:00 a.m. ET

--U.S./Canada: +1-888-669-0684

--International: +1-201-604-0469

Webcast Information

--URL: http://www.visualwebcaster.com/event.asp?id=63834

A replay of the webcast will be available shortly after its conclusion at www.fitchratings.com under the following headers:

About Fitch Ratings >> Teleconferences & Online Events

Additional information is available at www.fitchratings.com.

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Fitch Ratings, New York
Huxley Somerville, +1-212-908-0381
Grant Bailey, +1-212-908-0544
Media Relations:
Kevin Duignan, +1-212-908-0630
kevin.duignan@fitchratings.com
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com