Two classes of Structured Asset Securities Corp. mortgage pass-through certificates have been downgraded by Fitch Ratings.The B-4 classes of SASCO 2001-2 and SASCO 2001-9 were downgraded from BB to B, Fitch said. In addition, the rating agency upgraded seven classes and affirmed the ratings on 23 classes from five SASCO deals. Fitch attributed the downgrades to loss levels, future loss expectations, and high delinquencies in relation to applicable credit support.
SASCO MBS Classes Downgraded
October 27, 2003, 3:00 p.m. EST 1 Min Read
