Fitch Downgrades More B&C Classes

More than 50 additional classes of subprime mortgage pass-through certificates were downgraded by Fitch Ratings on March 5 as a result of changes to its subprime loss forecasting assumptions. Fitch also placed 18 classes of subprime pass-throughs on Rating Watch Negative and affirmed the ratings on classes with outstanding balances of more than $200 million. The securities affected by the latest downgrades were 54 classes from four Soundview Home Loan Trust deals. Fitch also placed the following securities on Rating Watch Negative: 12 classes from one Bear Stearns Asset Backed Securities Trust deal and six classes from one Soundview Home Loan Trust deal. The rating actions were attributed to changes to Fitch's subprime loss forecasting assumptions that "better capture the deteriorating performance of pools from 2006 and late 2005 with regard to continued poor loan performance and home price weakness." Fitch can be found on the Web at http://www.fitchratings.com.