Eleven classes of GS Mortgage Securities Corp. certificates from two GSAMP transactions have been downgraded by Fitch Ratings.Fitch also affirmed the ratings on seven other classes in the two transactions, series 2004-AR2 and series 2004-OPT. The downgrades were attributed to a deterioration in the relationship between credit enhancement and expected losses. The deals consist of closed-end fixed-rate mortgage loans secured by second liens on residential properties. Fitch can be found online at http://www.fitchratings.com.
GSAMP MBS Classes Downgraded
October 19, 2007, 2:00 p.m. EDT 1 Min Read
