Two classes from Equity One ABS Inc. mortgage pass-through certificates series 2002-3 have been downgraded by Fitch Ratings.Class B-1 was downgraded from BB to B, and class B-2 was downgraded from B to C/DR4. Fitch also affirmed the ratings on four classes in the transaction. The rating agency attributed the downgrades to a deterioration in the relationship between credit enhancement and expected losses.

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