Five tranches from three securitizations issued by Credit Suisse in 2001 and 2002 have been downgraded by Moody's Investors Service.The downgrades were as follows: CS First Boston Mortgage Securities Corp. 2001-HE30, class M-2, from A3 to Baa3, and class B, from B1 to Caa3; CSFB Mortgage Backed Pass-Through Certificates series 2001-28, class I-B-1, from Baa3 to B1, and class I-B-2, from Caa1 to Ca, and series 2002-10, class II-B-3, from B1 to Caa1. "Each tranche being downgraded has low levels of credit enhancement relative to the proportion of severely delinquent loans remaining in the pool," the rating agency said. Moody's can be found on the Web at http://www.moodys.com.
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