Moody's Eyes 13 Citi MBS Classes

Thirteen classes of senior and subordinated mortgage-backed securities issued by Citicorp Mortgage Securities Inc. from 1989 through 1994 have been placed under review for possible downgrade by Moody's Investors Service.The affected securities are as follows: series 1989-05, class A-4; series 1990-05, classes A-4 and A-7; series 1990-08, class A-7; series 1990-09, classes A-3 and B; series 1990-12, class B; series 1990-14, class B; series 1993-08, class B-1; series 1993-10, class B-1; series 1993-14, class B-1; series 1994-02, class B-1; and series 1994-06, class B-1. The review is based on the poor performance of the underlying loans with respect to cumulative losses and available credit enhancement. Moody's has also placed under review for possible upgrade the ratings of 19 MBS classes issued by Citicorp from 1988 through 1994. Moody's can be found online at http://www.moodys.com.