CSFB Home Equity Classes Downgraded

Twenty-nine classes from 10 Credit Suisse First Boston home equity securitizations have been downgraded by Fitch Ratings.In addition, the ratings on 97 classes from 18 CSFB deals have been affirmed. The downgrades were attributed to a deterioration in the relationship between credit enhancement and loss expectations. The rating agency said the collateral backing the transactions consists of first- and second-lien fixed- and adjustable-rate subprime mortgage loans.

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