Fitch Investors Services upgraded several of Countrywide Home Loans' mortgage pass-through certificates, citing strong credit quality and better-than-expected performance.

Among the issues upgraded were Countrywide's 1993-7 B1 certificates, to AA-plus from AA, and its 1993-8 certificates, to A-minus from BBB.

The loans' seasoning, low delinquencies, and low losses prompted the upgrade, Fitch said.

Credit enhancement has also increased for the pools in question, the agency said.

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