Class B-1 of Credit Suisse First Boston Mortgage Securities Corp. series 2002-HE11 has been downgraded from Baa2 to B1 by Moody's Investors Service.The downgrade was based on the fact that the bond's credit enhancement levels, including excess spread, are low compared with the projected losses, the rating agency said. The pool is backed by subprime first-lien loans.

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