Two classes of ABN Amro 2003-12 mortgage pass-through certificates have been downgraded by Fitch Ratings. Class B-3 was downgraded from BB to B, and class B-4 was downgraded from B to C/DR5. Fitch also affirmed the ratings on four other classes in the transaction. The downgrades were based on deterioration in the relationship between credit enhancement and expected losses, Fitch said. The collateral for the deal consists of 30-year fixed-rate, conventional mortgage loans. Fitch can be found online at http://www.fitchratings.com.
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