Nine classes from four subprime, second-lien issues of GS Mortgage Securities Corp. mortgage pass-through certificates have been downgraded by Fitch Ratings. Fitch also placed six GSAMP classes on Rating Watch Negative, removed one classes from Rating Watch Negative, and affirmed the ratings on five classes. The downgrades were attributed to deterioration in the relationship between credit enhancements and expected losses.
GSAMP 2nd-Lien Classes Downgraded
February 22, 2008, 2:00 p.m. EST 1 Min Read
