Sunday, November 9, 2008

Detroit CFO sees elimination of $125M deficit

Fitch Ratings has taken the following rating actions on JP Morgan Mortgage Trust (JPMMT) certificates. Fitch Ratings has taken the following rating actions on Banc of America Funding Corp. certificates. Fitch Ratings has assigned an 'F1+' to the commercial paper (CP) program of JPMorgan Chase Funding Inc. (JPMC Funding). Monday, Fitch Ratings affirmed Peru's foreign and local currency Issuer Default Ratings and stable rating outlooks. ' rating to Worcester, Maryland's (the county) $35000000 public improvement bonds, 2008 series. minus, and Fitch Ratings rates the bonds A-plus. Fitch Ratings' Latin America corporate team will host a teleconference on Friday, Nov. Agencies, like Fitch Ratings, are monitoring Detroit's predicament.

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