Class B2 of Morgan Stanley Dean Witter Capital I Inc. Trust, series 2002-OP1, has been placed under review for possible downgrade by Moody's Investors Service.The rating action was attributed to a low credit enhancement level given the projected losses on the underlying pool. "The transaction has taken losses, and pipeline loss could cause eventual erosion of the overcollateralization," Moody's said. The transaction is backed primarily by first-lien, fixed- and adjustable-rate subprime mortgage loans originated and serviced by Option One Mortgage Corp. Moody's can be found online at http://www.moodys.com.
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