NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed the rating on Bear Stearns & Co., Inc. 2001-A class B, a U.S. RMBS Closed End Second Resecuritization Trust (Re-REMIC).

The Re-REMIC transaction represents a beneficial ownership interest in a separate underlying RMBS trust fund. Specifically, Bear Stearns & Co., Inc. 2001-A class B, is a resecuritization of the not offered class B in Bear Stearns Asset Backed Securities, Inc. (BSABS) 2001-A.

The Re-REMIC rating action reflects the recently completed rating review of BSABS 2001-A. Additional information regarding the BSABS 2001-A rating actions is available in Fitch's Oct. 11, 2011 press release titled 'Fitch Takes Various Actions on 75 U.S. Second Lien & HELOC RMBS Deals'.

The rating action on the Re-REMIC reflects the rating of the underlying class since the Re-REMIC is a direct pass-through structure and does not provide additional enhancement to the Re-REMIC class.

Fitch affirms Bear Stearns & Co., Inc. 2001-A as follows:

--Class B (07384JAA7) at 'Dsf/RR1'.

This action was 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' (July 8, 2011);

--'U.S. Residential Mortgage Re-REMIC Criteria' (Aug. 15, 2011);

--'U.S. RMBS Criteria for Recovery Ratings' (July 11, 2011);

--'Counterparty Criteria for Structured Finance Transactions' (March 14, 2011).

Applicable Criteria and Related Research:

U.S. RMBS Criteria for Recovery Ratings

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=642509

Counterparty Criteria for Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=605425

U.S. RMBS Surveillance Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=640869

U.S. Residential Mortgage Re-REMIC Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=648588

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CONTACT:

Fitch Ratings
Performance Analyst
Sean Nelson, +1-212-908-0207
Associate Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Grant Bailey, +1-212-908-0544
Managing Director
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Email: sandro.scenga@fitchratings.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Professional Services  Banking

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