Eleven classes of Wells Fargo Asset Securities Corp. mortgage pass-through certificates have been downgraded by Fitch Ratings, and 30 classes have been placed on Rating Watch Negative.Fitch also affirmed the ratings on 324 classes from 54 Wells Fargo transactions. The negative rating actions reflect deterioration in the relationship between credit enhancement and expected losses, Fitch said. The collateral for the deals consists of fixed- and adjustable-rate prime mortgage loans. Fitch can be found on the Web at http://www.fitchratings.com.
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