Four classes of GSMPS Mortgage Loan Trust 2005-LT1 have been downgraded by Standard & Poor's Ratings Services. The downgrades were as follows: class M-1, from AA to A; class M-2, from BBB to BB; class B-1, from B to B-minus; and class B-2, from CCC to CC. S&P also affirmed the ratings on five classes from the transaction and another GSMPS deal. The downgrades "reflect the continued adverse performance of the collateral pool, resulting in the reduction of the available credit support available to support the affected classes," the rating agency said.
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