Twenty-nine classes of mortgage pass-through certificates from eight Banc of America Alternative Loan Trust transactions have been downgraded by Fitch Ratings. Fitch also placed two classes on Rating Watch Negative and affirmed the ratings on over 100 classes from the BoA deals. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and expected losses. The collateral consists of fixed-rate, first-lien mortgage loans.
BoA MBS Classes Downgraded
January 23, 2008, 2:00 p.m. EST 1 Min Read
