Thirty-eight classes of Citigroup Mortgage Loan Trust mortgage pass-through certificates have been downgraded by Fitch Ratings. Fitch also placed 10 classes on Rating Watch Negative, upgraded five classes, and affirmed the ratings on 41 classes from 16 CMLT transactions. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and expected losses. The collateral consists of fixed- and adjustable-rate, first-lien prime and alternative-A mortgage loans.
Citi Pass-Thrus Downgraded
January 25, 2008, 2:00 p.m. EST 1 Min Read
