Cityscape HEL Class Downgraded

Published October 25, 2006, 2:00 p.m. EDT

1 Min Read

Class B1-A of Cityscape Home Equity Loan Trust home equity loan pass-through certificates, series 1997-C group 2, has been downgraded from BBB to BB by Fitch Ratings.Fitch also affirmed the ratings on 12 classes in two Cityscape subprime securitizations. The downgrade was attributed to a deterioration in the relationship between credit enhancement and loss expectations due to higher-than-expected delinquencies, the rating agency said. The rating agency can be found online at http://www.fitchratings.com.

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