Equity One ABS Classes Downgraded

Published December 01, 2006, 3:00 p.m. EST

1 Min Read

Three classes from Equity One ABS Inc. mortgage pass-through certificates issued in 2002 have been downgraded by Fitch Ratings.The downgrades were as follows: series 2002-3, class B-1, from BBB-plus to BB, and class B-2, from BB to B; and series 2002-4, class B, from BBB to BBB-minus. Fitch also affirmed the ratings on six classes in the two Equity One subprime transactions. The rating agency attributed the downgrades to a deterioration in the relationship between credit enhancement and expected losses. Fitch can be found online at http://www.fitchratings.com.

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