Over 160 classes from 43 alternative-A mortgage-backed securities deals were downgraded by Fitch Ratings on May 30. The affected securities were: 118 classes from 31 Banc of America Alternative Loan Trust deals and 45 classes from 12 J.P. Morgan Alternative Loan Trust deals. Fitch also affirmed 56 classes in the alt-A transactions. The rating agency attributed the downgrades to expected defaults and losses from delinquent loans and projected losses from the currently performing pools. Fitch can be found on the Web at http://www.fitchratings.com.
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