Two certificates from a deal issued by Countrywide Home Loans Inc. in 2002 have been placed under review for possible downgrade by Moody's Investors Service.The affected securities are Classes M-1 and M-2 of CWABS Inc. Asset-Backed Certificates Series 2002-BC1. The rating actions were taken because credit enhancement levels may be low given the projected losses on the underlying pool, Moody's said. The transaction is backed by first-lien fixed-rate subprime mortgage loans.
Moody's Eyes CWABS Classes
June 04, 2007, 2:00 p.m. EDT 1 Min Read
