Four tranches from Deutsche Alt-A Securities Mortgage Loan Trust 2007-RAMP1 has been downgraded by Moody's Investors Service. The downgrades were as follows: class M-6, from Baa1 to Baa3; class M-7, from Baa2 to B2; class M-8, from Baa3 to B2; and class M-9, from Ba1 to Ca. Class M-8 was placed under review for possible further downgrade. The ratings were downgraded, in general, based on higher-than-expected rates of delinquency, foreclosure, and real estate owned in the underlying collateral relative to credit enhancement levels, Moody's said. The collateral consists primarily of first-lien, alternative-A mortgage loans.
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