Fitch Ratings upgrades the following Metropolitan Mortgage Timeshare Trust as outlined below:
Metropolitan Mortgage Timeshare Trust 1997-A
-- Class A-2 notes upgraded to 'AAA' from 'A-'.
In addition, Fitch affirms the following class:
-- Class A-1 notes at 'AAA'.
In its review of Metropolitan Mortgage Timeshare Trust 1997-A, Fitch noted credit enhancement levels that are available to completely support each class of rated notes. The transactions collateral has performed well within Fitch's expectations. As of July 31, 2006, 61+ day delinquencies were 0.0% and cumulative defaults had reached 0.41%.
Fitch will continue to monitor this transaction and may take additional rating action as warranted by future performance.