Salomon ABS Classes Downgraded

Four classes of Salomon Brothers Mortgage Securities VII Inc. asset-backed pass-through certificates, series 2002-CIT1, have been downgraded by Fitch Ratings.The downgrades were as follows: class M-2, from A to BBB-plus; class M-3, from A-minus to BBB; class M-4, from BBB to BB; and class M-5, from BBB-minus to BB-minus. Fitch also affirmed the ratings on two other classes in the deal. The downgrades were attributed to a deterioration in the relationship between credit enhancement and loss expectations.