Three classes of Salomon Home Equity Loan Trust asset-backed pass-through certificates, series 2001-1, group 1, have been downgraded by Fitch Ratings.The downgrades were as follows: class MF-1, from AA to A; class MF-2, from BBB-minus to BB-minus; and class MF-3, from CC to C. In addition, the ratings on six classes in the deal were affirmed. Fitch attributed the downgrades to a decline in credit enhancement relative to applicable credit support requirements. The rating agency can be found online at http://www.fitchratings.com.
Salomon ABS Classes Downgraded
March 07, 2005, 3:00 p.m. EST 1 Min Read
