Renaissance HEL Classes Downgraded

Two classes of Renaissance Home Equity Loan Trust series 2002-2 have been downgraded by Fitch Ratings.Class M2 was downgraded from BBB-plus to BBB and placed on Rating Watch Negative, and class B was downgraded from B to CC/DR3. The negative rating actions were attributed to deterioration in the relationship between credit enhancement and loss expectations. The collateral for the transaction consists of first- and second-lien subprime mortgage loans.