Soundview Class Downgraded

Published February 17, 2006, 3:00 p.m. EST

1 Min Read

Class B of Soundview Home Equity Loan Trust series 2000-1 has been downgraded from BBB to BB-plus by Fitch Ratings.Fitch also affirmed the ratings on nine classes in two Soundview transactions. The downgrade was attributed to a deterioration in the relationship between credit enhancement and expected losses. The mortgage loans backing the deals consist of fixed- and adjustable-rate loans to subprime borrowers. The rating agency can be found online at http://www.fitchratings.com.

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