SASCO Classes Downgraded

Published January 20, 2004, 3:00 p.m. EST

1 Min Read

Two classes of Structured Asset Securities Corp. mortgage pass-through certificates have been downgraded by Fitch Ratings.Fitch also affirmed the ratings on 15 other classes. Class 1-B4 of SASCO series 1998-11, group 1, was downgraded from BB to B, and class 1-B5 of the same series was downgraded from C to D. The downgrades were attributed to loss levels, loss expectations, and high delinquencies relative to the applicable credit support. Fitch can be found online at http://www.fitchratings.com.

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