Moody's Investors Service has downgraded the ratings of 62 tranches of mortgage-backed securities from six deals issued by Deutsche Bank in 2007, and 16 tranches have been placed under review for possible downgrade. One downgraded tranche remains on review for possible further downgrade. The negative rating actions were based on higher-than-expected rates of delinquency, foreclosure, and real estate owned in the underlying collateral relative to credit enhancement levels, the rating agency said. The collateral consists primarily of first-lien alternative-A mortgage loans.
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