Forty-three tranches from three alternative-A transactions backed by SunTrust-originated mortgage loans have been downgraded by Moody's Investors Service. Nine tranches were placed on review for possible further downgrade. The downgrades -- from SunTrust Alternative Loan Trust and Bear Stearns Asset Backed Securities I Trust deals -- were based, in general, on higher-than-expected rates of delinquency, foreclosure, and real estate owned in the underlying collateral relative to credit enhancement levels, the rating agency said. The collateral consists primarily of first-lien, fixed-rate, alt-A mortgage loans. Moody's can be found on the Web at http://www.moodys.com.
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