Four classes from four Citigroup Mortgage Loan Trust transactions have been placed on Rating Watch Negative by Fitch Ratings.The affected classes were as follows: class III-B5 of series 2005-5; class 2-B5 of series 2006-AR5; class M5 of series 2006-WF1; and class M-5 of series 2006-WF2. Fitch also affirmed the ratings on 25 other classes in the four transactions. The negative rating actions reflect deterioration in the relationship between credit enhancement and expected losses, the rating agency said. The loans consist of fixed-and adjustable-rate mortgages extended to alternative-A borrowers and secured by first liens, primarily on one- to four-family residential properties.
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