Class MV-4 of CitiFinancial Mortgage Securities Inc. 2003-1 has been placed on review for possible downgrade by Moody's Investors Service.In addition, 18 tranches from four Citi transactions have been placed on review for possible upgrade. The negative rating action was attributed to declining credit enhancement resulting from recent losses. The collateral backing the affected classes consists primarily of first-lien subprime residential mortgage loans.
Citi MBS Class Under Review
February 15, 2007, 3:00 p.m. EST 1 Min Read
