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Countrywide Rating Watch Revised By Fitch

Fitch Ratings announced Thursday that it has revised its Rating Watch on Countrywide Financial Corp. (CFC) and its related subsidiaries from "Negative" to "Evolving." This revised rating signifies that Fitch may upgrade, downgrade or affirm the current rating once they have gathered additional information.

Fitch believes that residual effects caused by these liquidity issues will have significant impact on origination volume and...