The rating on class F of Merrill Lynch Mortgage Investors Inc.'s mortgage pass-through certificates, series 1995-C3, has been lowered from B to B-minus by Standard & Poor's Ratings Services.S&P also raised the ratings on three classes in the deal and affirmed the ratings on two others. The rating agency said the actions reflect an increase in credit support levels from a 62% paydown of the loan pool and improved performance from the remaining properties, offset by potential losses associated with three real estate owned properties and three loans that have been delinquent for more than 90 days. S&P can be found online at http://www.standardandpoors.com.
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