Twelve classes from 10 issues of Long Beach Mortgage Loan Trust residential mortgage-backed securities have been downgraded by Fitch Ratings, and nine classes have been placed on Rating Watch Negative.Fitch also affirmed the ratings on 95 other classes in the transactions. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement levels and loss expectations. The transactions are backed by fixed- and adjustable-rate subprime mortgage loans.
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