SASCO MBS Classes Downgraded

Published December 20, 2005, 3:00 p.m. EST

1 Min Read

Three classes of Structured Asset Securities Corp. residential mortgage-backed securities have been downgraded by Fitch Ratings.The downgrades were as follows: series 2002-10H, class B4, from BB to B, and class B5, from B to C; and series 2003-7H, class B5, from B to CCC. Fitch also affirmed the ratings on 47 classes from six SASCO securitizations. The downgrades were attributed to cumulative pool losses and high delinquency levels. The rating agency can be found on the Web at http://www.fitchratings.com.

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