Fifteen classes from six deals issued by SACO I Trust have been placed on review for possible downgrade by Moody's Investors Service.The affected classes are as follows: series 2006-2, classes I-B-4 and II-B-4; series 2006-3, class B-4; series 2006-4, class B-4; series 2006-5, classes I-B-4, II-B-1, II-B-2, II-B-3, and II-B-4; series 2006-6, classes B-2, B-3, and B-4; and series 2006-7, classes B-2, B-3, and B-4. These actions are based on an analysis of the credit enhancement provided by subordination, overcollateralization, and excess spread relative to expected losses, Moody's said. The transactions are backed by closed-end second-lien loans.

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