Class B-2 of RAAC series 2004-SP2 Trust has been downgraded from B2 to Ca by Moody's Investors Service and classes M-3 and B-1 from the same transaction have been placed on review for possible downgrade.The actions were attributed to a higher-than-expected loss on a single loan that led to a writedown of a portion of the class B-2 balance. The underlying collateral consists of seasoned fixed-rate first-lien mortgage loans. Moody's can be found on the Web at http://www.moodys.com.
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