Ten classes from seven Credit Suisse First Boston home equity securitizations have been downgraded by Fitch Ratings, and four have been placed on Rating Watch Negative.Fitch also affirmed the ratings on 87 classes in nine CSFB deals. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and loss expectations. "The 2005 vintage collateral pools have generally experienced faster-than-expected prepayments and earlier-than-expected losses," Fitch said. Fitch can be found on the Web at http://www.fitchratings.com.
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