Class B-5 of GE-WMC mortgage pass-through certificates, series 2005-2, has been downgraded from BB-plus to BB by Fitch Ratings.Fitch also affirmed the ratings on 23 classes from two GE-WMC transactions. The subprime transactions were among those placed Under Analysis on July 12. Fitch reported that at the end of the day on Aug. 10, it had downgraded 672 classes (with an outstanding balance of $13 billion) from those subprime RMBS deals and affirmed the ratings on 1,219 classes with an outstanding balance of $105 billion. Fitch can be found on the Web at http://www.fitchratings.com.
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