Moody's Investors Service has downgraded the class D and class E credit-linked notes of GECO 2002 Ltd., a synthetic German commercial mortgage-backed securitization sponsored by Hypo Real Estate Bank AG.The downgrade, which affects about 70.9 million euro (approximately $92.6 million) of notes, stems from the worse-than-expected performance of the underlying reference pool, the rating agency said. Moody's can be found on the Web at http://www.moodys.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry