SASCO MBS Classes Downgraded

Published April 25, 2007, 2:00 p.m. EDT

1 Min Read

Seventeen classes from six Structured Asset Securities Corp. residential mortgage-backed securitizations have been downgraded by Fitch Ratings.In addition, the Distressed Recovery ratings on two SASCO classes were lowered. Fitch also affirmed the ratings on 59 classes from six SASCO deals. The downgrades were attributed to a deterioration in the relationship between credit enhancement and loss expectations. The pools consist of conventional, fixed-rate, fully amortizing and balloon, second-lien residential mortgage loans, Fitch said.

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