Ten certificates from two transactions issued by MASTR Second Lien Trust have been downgraded by Moody's Investors Service. One downgraded class was maintained on review for possible further downgrade. "The actions take into account the continued worsening performance of transactions backed by closed-end second lien collateral," Moody's said. "Substantial pool losses over the last few months have eroded the credit enhancement available to the mezzanine and senior certificates." Moody's can be found on the Web at http://www.moodys.com.
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