Soundview MBS Classes Downgraded

Two classes of the Soundview Home Loan Trust 2006-A transaction have been downgraded by Moody's Investors Service and placed on review for possible further downgrade, and four others have been placed on review for possible downgrade.Class M-10 was downgraded from Ba1 to B3, and class M-11 was downgraded from Ba2 to Caa2. The securities placed on review for possible downgrade are classes M-6, M-7, M-8, and M-9. The negative rating actions were attributed to credit enhancement levels, including excess spread, that "may be too low compared to the current projected loss numbers at the current rating level," Moody's said. The transaction is backed by subprime second-lien loans.