ACE MBS Classes Downgraded

Published September 10, 2007, 2:00 p.m. EDT

1 Min Read

Two classes of ACE mortgage pass-through certificates, series 2002-HE2, have been downgraded by Fitch Ratings.Class M-3 was downgraded from BBB-minus to B-minus/DR1, and class M-4 was downgraded from BB-plus to B-minus/DR1. Fitch also affirmed the ratings on two other classes in the transaction. The downgrades were attributed to deterioration in the relationship between credit enhancement and loss expectations. The collateral for the transaction consists of fixed- and adjustable-rate residential first-lien mortgage loans.

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