Six classes from GS Mortgage Securities Corporation II series 2006-RR2 have been downgraded by Moody's Investors Service. The downgrades were as follows: class L, from Ba1 to Ba2; class M, from Ba2 to Ba3; class N, from Ba3 to B1; class O, from B1 to B3; class P, from B2 to Caa1; and class Q, from B3 to Caa2. In addition, classes E, F, G, H, J, and K were placed on review for possible downgrade. Moody's also affirmed the ratings on five other classes in the transaction. The negative rating actions were attributed to "the overall deteriorating pool performance." Moody's can be found on the Web at http://www.moodys.com.
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