Two classes of Harborview Mortgage Loan Trust Inc. series 2006-6 have been downgraded by Fitch Ratings and two have been placed on Rating Watch Negative.Class B-4 was downgraded from BB to BB-minus and placed on Rating Watch Negative, and class B-5 was downgraded from B to CCC/DR2. Class B3 was placed on Rating Watch Negative. In addition, Fitch affirmed the ratings on three other classes in the transaction. The rating agency attributed the negative rating actions to a deterioration in the relationship between credit enhancement and loss expectations. The deal is backed by hybrid and adjustable-rate mortgage loans secured by residential first liens.
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