2009-11-11 17:21:04 -

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 tomorrow morning 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: ' www.visualwebcaster.com/event.asp?id=63834 : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. '

A replay of the webcast will be available shortly after its conclusion at ' www.fitchratings.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ' under the following headers.

About Fitch Ratings >> Teleconferences & Online Events


Additional information is available at ' www.fitchratings.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. '


ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS : cts.businesswire.com/ct/CT?id=smartlink&url=HTTP%3A%2F%2FFIT .. .

IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ' WWW.FITCHRATINGS.COM : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2FWWW .. '.

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 YorkHuxley Somerville, +1-212-908-0381Grant
Bailey, +1-212-908-0544Kevin Duignan, +1-212-908-0630 (Media
Relations, New York) kevin.duignan@fitchratings.com : mailto:kevin.duignan@fitchratings.com Sandro

Scenga, +1-212-908-0278 (Media Relations, New York) sandro.scenga@fitchratings.com : mailto:sandro.scenga@fitchratings.com