Two certificates issued by Centex Home Equity Loan Trust, series 2002-D, have been downgraded by Moody's Investors Service.Class M-2 has been downgraded from A2 to Baa2, and class B has been downgraded from Ba3 to B3. The downgrades were attributed to credit enhancement levels that are deemed to be low in view of loss projections. "The credit support is declining due to the loan defaults," Moody's said. The subprime deal consists of fixed- and adjustable-rate residential mortgage loans. The rating agency can be found online at http://www.moodys.com.
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