by Calculated Risk on 1/18/2008 09:05:00 PM

From MarketWatch: Fitch Downgrades 420 ABS Bonds Following Ambac Rating Downgrade; Watch Negative (hat tip Risk Capital)

Fitch Ratings downgrades 420 classes of asset-backed securities (ABS) Additionally, the ratings remain on Rating Watch Negative by Fitch. This action follows Fitch's downgrade of the ratings on Ambac ...

Check out the ABS list at MarketWatch: aircraft transactions, student loan bonds, auto loans - the impact from a bond insurer downgrade is widespread.

Finally it feels like a Friday night!