The class M-1 and M-2 certificates issued by Structured Asset Securities Corp. 2003-12XS have been placed on review for possible downgrade by Moody's Investors Service.Moody's attributed the actions to an analysis of the credit enhancement provided by subordination, overcollateralization, and excess spread relative to the expected loss. The transaction is backed by first-lien, alternative-A fixed-rate mortgage loans.

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