Quality | 2010.03.19
Fitch Downgrades 3 & Affirms 1 Class of South Coast Funding VI, Ltd.
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed one and downgraded three classes of notes issued by South Coast Funding VI, Ltd./Inc. (South Coast VI) due to deterioration in the credit quality of the portfolio since last review. A detailed list of rating actions follows at the end of this release. As of the January 2010 trustee report, the balance of the portfolio was $125.4 million, including $48 million, or 38.3%, in par of assets deemed defaulted as per the transaction\'s governing docu
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