Fitch Affirms 26 RMBS From 6 Salomon Brothers Mortgage Securities VII Issues

Business Wire, Dec 22, 2005

NEW YORK -- Fitch Ratings affirmed the following Salomon Brothers Mortgage Securities (SBMS) VII, Inc. mortgage pass-through certificates:

Series 1993-6A

-- Class 6A-B1 at 'AAA';

-- Class 6A-B2 at 'AAA'.

Series 1994-3

-- Class B-1 at 'AAA'.

-- Class B-2 at 'AAA'.

-- Class B-3 at 'AAA'.

-- Class B-4 at 'AAA'.

Series 1994-4A

-- Classes 4A-A at 'AAA';

-- Class 4A-B1 at 'AAA'.

-- Class 4A-B2 at 'AAA'.

-- Class 4A-B3 at 'AA-'.

Series 1996-2

-- Class B-1 at 'AAA'.

-- Class B-2 at 'AAA'.

-- Class B-3 at 'AAA'.

-- Class B-4 at 'AAA'.

-- Class B-5 at 'AAA'.

Series 1999-2

-- Classes A at 'AAA';

-- Class B-1 at 'AAA'.

-- Class B-2 at 'AAA'.

-- Class B-3 at 'AAA'.

-- Class B-4 at 'AA'.

-- Class B-5 at 'A'.

Series 2000-BoA1

-- Class B-1 at 'AAA'.

-- Class B-2 at 'AAA'.

-- Class B-3 at 'AAA'.

-- Class B-4 at 'AAA'.

-- Class B-5 at 'A '.

The affirmations, affecting approximately $19.64 million of outstanding certificates, are due to credit enhancement and collateral performance generally consistent with expectations.

The above deals have pool factors (i.e. current mortgage loans outstanding as a percentage of the initial pool) of 1%. The collateral consists of conventional, 15- to 30-year fixed-rate, mortgage loans secured by first liens on one- to four-family residential properties.

Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'. Fitch will continue to monitor these deals.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 'www.fitchratings.com'. 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.