Fitch affirms RMAC notes after data errors

Newswire

LONDON, Nov 21 (Reuters) - Fitch Rating affirmed its credit ratings on four mortgage bonds issued by RMAC, part of the General Motors group, after originator GMAC-RFC said earlier this month it had printed wrong interest rate data in the deal's prospectuses. GMAC-RFC said on Nov. 9 it had understated the percentage of underlying loans linked to the Bank of England base rate, instead saying they were linked to Libor. Standard & Poor's already affirmed its ratings on the same four ...

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