Thirty-five classes from four Structured Adjustable Rate Mortgage Loan Trust transactions backed by prime jumbo mortgage collateral issued in 2005 have been downgraded by Standard & Poor's Ratings Services. In addition, S&P affirmed its ratings on 62 other classes from the series. The downgrades of four classes were attributed to principal writedowns due to credit support depletion, and the remaining downgrades "reflect our opinion that projected credit support for the affected classes is insufficient to maintain the previous ratings, given our current projected losses," the rating agency said.
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