Truman Cap MBS Classes Downgraded

November 10, 2005, 3:00 p.m. EST 1 Min Read

Two classes of Truman Capital Mortgage Loan Trust securities have been downgraded by Fitch Ratings.Class B of series 2002-1 was downgraded from BB to B, and class B of series 2002-2 was downgraded from BBB to BB. Fitch also affirmed the ratings on eight classes in the two deals. The downgrades were attributed to higher-than-expected losses that have reduced overcollateralization. The rating agency can be found online at http://www.fitchratings.com.

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