Three certificates issued by MESA 2002-1 Global Issuance Co. have been placed under review for possible downgrade by Moody's Investors Service.The certificates, classes M-2, B-1, and B-2, are resecuritizations backed by other residential mortgage-backed securities. The rating action was based on the weak performance of the underlying securities and the reduced level of credit enhancement relative to the projected losses, Moody's said. The rating agency can be found online at http://www.moodys.com.
Processing Content
