DBRS Downgrades 94 RMBS Classes

DBRS, New York, has downgraded 94 classes of residential mortgage-backed securities from 62 RMBS transactions.DBRS also placed 15 other classes under review with negative implications, and upgraded 17 classes. The negative rating actions were based on an increase in the pipeline of 90-day-plus delinquencies relative to the available credit enhancement, the rating agency said.

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