Events | 2010.03.19
Fitch Downgrades 2 & Affirms 4 Classes of Inman Square Funding I, Ltd./Corp.
NEW DELHI & SYDNEY & SINGAPORE--(BUSINESS WIRE)--Fitch Ratings has downgraded two and affirmed four classes of notes issued by Inman Square Funding I, Ltd./Corp. (Inman Square I) as a result of continued credit deterioration in the portfolio since Fitch\'s last rating action on April 9, 2009. The details of the rating action follow at the end of this press release. Inman Square I entered an event of default on April 13, 2009 because the class I/II overcollateralization ratio declined below 100%.
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