Four classes of Salomon Brothers Mortgage Securities VII Inc. mortgage pass-through certificateshave been downgraded by Fitch. In Salomon 1997-HUD1, class B4 was downgraded fromBB to B and placed on Rating Watch Negative and class B5 was downgraded from B-minus to D. In Salomon 1997-HUD2,class B4 was downgraded from BB to B and placed on Rating Watch Negative and class B5 was downgraded to D. In additionto the downgrades, class B3 of Salomon 1997-HUD2 was placed on Rating Watch Negative. The rating agency attributedthe actions to loss and delinquency levels relative to applicable credit support.
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