Class B-3 of Credit Based Asset Servicing and Securitization LLC series 2002-CB5 has been downgraded from B-plus to B and removed from Rating Watch Negative by Fitch Ratings.Fitch also placed class B-4 of C-BASS series 2004-CB8 on Rating Watch Negative and affirmed the ratings on 11 other classes in the two deals. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and expected losses. The collateral consists primarily of first-lien subprime mortgage loans.
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