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Fitch Removes Point-in-Time Ratings on Tradeable Credit Baskets


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© Business Wire 2008
2008-10-22 03:31:03 -

- Fitch Ratings has removed from its web site the point-in-time ratings on 26 tradeable credit baskets. Tradeable Credit Baskets, which reference various credit derivative (CDS) indices, are rated by Fitch applying its bond fund rating criteria.

The removal of these ratings is consistent with Fitch's practice not to issue public point-in-time ratings, as point-in-time ratings are not subject

to active surveillance and are only valid as of the date of issue.

The list of ratings to be removed follows:

--Dow Jones CDX.NA.HY.3 Trust 1 'B+/V3';

--Dow Jones CDX NA.HY.3 Trust 2 'BB/V3';

--Dow Jones CDX.NA.HY.3 Trust 3 'B/V3';

--Dow Jones CDX.NA.HY.4 Trust 1 'B+/V3';

--Dow Jones CDX.NA.HY.4 Trust 2 'BB/V3';

--Dow Jones CDX.NA.HY.4 Trust 3 'B/V3';

--Dow Jones CDX.NA.HY.5 Trust 1 'B+/V4';

--Dow Jones CDX NA.HY.5 Trust 2 'BB/V4';

--Dow Jones CDX NA.HY.5 Trust 3 'B/V4';

--Dow Jones CDX NA.HY.6 Trust 1 'B+/V4';

--Dow Jones CDX NA.HY.6 Trust 2 'BB/V4';

--Dow Jones CDX.NA.HY.6 Trust 3 'B/V4';

--Dow Jones CDX.NA.HY.7 Trust 1 'B+/V4';

--Dow Jones CDX.NA.HY.7 Trust 2 'BB/V4';

--Dow Jones CDX.NA.HY.7 Trust 3 'B/V4';

--Dow Jones CDX.NA.HY.8 Trust 1 'B+/V4';

--Dow Jones CDX.NA.HY.8 Trust 2 'BB/V4';

--Dow Jones CDX.NA.HY.8 Trust 3 'B/V4';

--Dow Jones CDX.NA.HY.9 Trust 1 'B/V4';

--Dow Jones CDX.NA.HY.9 Trust 2 'B/V4';

--INDEXPLUS Trust Series 2003-1 'BBB/V6';

--Targeted Return Index Securities Trust Series 10-2002 'BBB+/V4';

--TRACERS Series 2001-1 (10 Year) 'A/V4';

--TRACERS Series 2002-2 (30-Year) 'A-/V7';

--TRACERS Series 2002-5 (10- Year) 'A-/V4';

--TRAC-X North America Series 2 March 2009 'BBB/V4'.

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.

Fitch Ratings, New York
Ian Rasmussen, +1-212-908-0232
or
Media Relations:
Tyrene Frederick-Mack, +1-212-908-0540
tyrene.frederick-mack@fitchratings.com
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com


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