Forty-three classes of pass-through certificates from seven LMT mortgage securitizations have been downgraded by Fitch Ratings. Fitch also placed two classes on Rating Watch Negative, removed two classes from Rating Watch Negative, and affirmed the ratings on 10 LMT classes. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and loss expectations. Fitch can be found on the Web at http://www.fitchratings.com.
Fitch Downgrades LMT MBS Classes
January 23, 2008, 2:00 p.m. EST 1 Min Read
