Two classes from American Home Mortgage Investment Trust's series 2007-2 group II have been downgraded by Standard & Poor's Ratings Services. Class II-A was downgraded from CCC to D, and class III-M-1 was downgraded from CC to D. "The downgrades reflect the erosion of credit support for the two classes, as of the July 25, 2008, distribution date, which we believe is attributable to the significant monthly net losses being experienced by the underlying collateral," the rating agency said.
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