Fifteen classes from three issues of GSAMP Trust mortgage-backed securities have been downgraded by Moody's Investors Service, and eight classes have been placed under review for possible downgrade.Moody's said the actions were taken because credit enhancement is low given the projected losses on the underlying pool. The three affected GSAMP deals are series 2006-S2, series 2006-S3, and series 2006-S5, the rating agency said. The transaction consists of subprime second-lien fixed-rate loans. Moody's can be found online at http://www.moodys.com.
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