SAIL MBS Classes Downgraded

Published April 24, 2007, 2:00 p.m. EDT

1 Min Read

Fifty-eight classes from 15 Structured Asset Investment Loan Trust mortgage pass-through certificates have been downgraded by Fitch Ratings.In addition, Fitch affirmed the ratings on more than 100 classes from 23 SAIL transactions. The rating agency attributed the downgrades to a deterioration in the relationship between credit enhancement and expected losses. The collateral in the deals consists primarily of conventional fixed- and adjustable-rate, fully amortizing and balloon, first- and second-lien residential mortgage loans. Fitch can be found on the Web at http://www.fitchratings.com.

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