Classes B-1 and B-2 of GS Mortgage Securities Corp. residential mortgage pass-through certificates, series 2003-HE1, have been placed on Rating Watch Negative by Fitch Ratings.In addition, four classes from two other GSAMP transactions were upgraded, and the ratings on 42 classes from eight GSAMP deals were affirmed. The negative rating actions were attributed to monthly losses that have exceeded excess spread in four of the last six months, causing overcollateralization to fall below its target.
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