Fitch Ratings has affirmed and subsequently withdrawn the ratings on 16 classes of Bayview Financial Revolving Asset Trust (BFAT) 2005-A and 2005-E due to lack of investor interest.
Fitch's rating actions are as follows:
Bayview Financial Revolving Asset Trust 2005-A
--Class A1 (073250BM3) affirmed at 'CCCsf/RE NC' and withdrawn;
--Class A2A (073250BN1) affirmed at 'CCCsf/RE NC' and withdrawn;
--Class A2B (073250BP6) affirmed at 'CCsf/RE NC' and withdrawn;
--Class M1 (073250BQ4) affirmed at 'Csf/RE NC' and withdrawn;
--Class M2 (073250BR2) affirmed at 'Csf/RE NC' and withdrawn;
--Class M3 (073250BS0) affirmed at 'Csf/RE NC' and withdrawn;
--Class B1 (073250BT8) affirmed at 'Csf/RE NC' and withdrawn;
--Class B2 (073250BU5) affirmed at 'Csf/RE NC' and withdrawn.
Bayview Financial Revolving Asset Trust 2005-E
--Class A1 (073250BV3) affirmed at 'CCCsf/RE NC' and withdrawn;
--Class A2A (073250CB6) affirmed at 'CCCsf/RE NC' and withdrawn;
--Class A2B (073250CC4) affirmed at 'CCsf/RE NC' and withdrawn;
--Class M1 (073250BW1) affirmed at 'Csf/RE NC' and withdrawn;
--Class M2 (073250BX9) affirmed at 'Csf/RE NC' and withdrawn;
--Class M3 (073250BY7) affirmed at 'Csf/RE NC' and withdrawn;
--Class B1 (073250BZ4) affirmed at 'Csf/RE NC' and withdrawn;
--Class B2 (073250CA8) affirmed at 'Csf/RE NC' and withdrawn.
These actions were reviewed by a committee of Fitch analysts.
Additional information is available at 'www.fitchratings.com'.The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research:
--'U.S. RMBS Surveillance Criteria' (Oct. 11, 2012);
--'Global Structured Finance Rating Criteria' (June 6, 2012).
Applicable Criteria and Related Research:
U.S. RMBS Surveillance Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=691057
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE '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.
Fitch Ratings
Performance Analyst
Susan Hosterman
Director
susan.hosterman@fitchratings.com
Fitch
Inc.
1 State Street Plaza
New York, NY 10004
or
Committee
Chairperson
Grant Bailey
Managing Director
grant.bailey@fitchratings.com
or
Media
Relations
Sandro Scenga, New York, +1-212-908-0278
sandro.scenga@fitchratings.com
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