Twenty-four classes of PNC Mortgage Securities Corp. mortgage pass-through certificates have been downgraded by Fitch Ratings, and 15 of them have been removed from Rating Watch Negative.The affected classes come from 20 separate PNC securitizations issued in 1998, 1999, and 2000. Fitch also placed five classes on Rating Watch Negative. The rating agency attributed the actions to high delinquencies relative to applicable credit support. Fitch can be found online at http://www.fitchratings.com.
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