SASCO MBS Classes Downgraded

Four classes of Structured Asset Securities Corp. residential mortgage pass-through certificates have been downgraded by Fitch Ratings.The downgrades were as follows: SASCO series 1998-11 group 1, class 1-B3, from BBB to BBB-minus, and class 1-B4, from B to CC; SASCO series 2001-8A, class B5-I, from B to CCC; and SASCO series 2001-10A, class B5, from B to CC. In addition, Fitch affirmed the ratings on 21 SASCO classes. The downgrades were attributed to loss levels and "Fitch's analysis of potential future loss expectations relative to credit support levels." Fitch can be found on the Web at http://www.fitchratings.com.

For reprint and licensing requests for this article, click here.
Servicing
MORE FROM NATIONAL MORTGAGE NEWS