DASH CDO Classes Downgraded

Published December 20, 2004, 3:00 p.m. EST

1 Min Read

Classes A-1 and A-2 of Diversified Asset Securitization Holdings I LP have been downgraded from AA-plus to A-minus by Fitch Ratings.Fitch said DASH I is a collateralized debt obligation that was originated and managed by Asset Allocation & Management LLC, which closed Dec. 18, 1999. The portfolio backing the CDO consists of residential and commercial mortgage-backed securities, asset-backed securities, and other CDOs. The downgrades stem from collateral deterioration that has decreased overcollateralization ratios, the rating agency said. Fitch can be found online at http://www.fitchratings.com.

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