Classes B-4 and B-5 of Morgan Stanley Mortgage Loan Trust series 2006-4SL have been placed on review for possible downgrade by Moody's Investors Service.The rating actions stemmed from the fact that the bonds' credit enhancement levels, including excess spread, may be too low to cover projected losses at the current rating level, Moody's said. The transaction is backed by closed-end second-lien loans.

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