Four classes of notes issued by Prudential Structured Finance CBO I, which are supported in part by residential mortgage-backed securities, have been downgraded by Fitch Ratings.The downgrades were as follows: classes B-1L and B-1, from CCC/DR3 to C/DR3; and classes B-2L and B-2 notes, from CC/DR5 to C/DR5. In addition, two classes were upgraded and the rating on one other class was affirmed. Fitch attributed the downgrades to "the continued expectation of low recovery estimates for several distressed securities." The transaction, a collateralized bond obligation, is supported by a portfolio of RMBS (61.3%), asset-backed securities (31.7%), and collateralized debt obligations (7%).

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