Seven classes of notes and loan interests from Westways Funding XI Ltd., a mortgage market value collateralized debt obligation, have been downgraded by Fitch Ratings. The downgrades were as follows: class A-2 notes, from AA to C/DR4; class B notes, from A to C/DR6; class LB loan interests, from A to C/DR6; class C notes, from BB to C/DR6; class LC loan interests, from BB to C/DR6; class D notes, from CCC/DR5 to C/DR6; and class E income notes, from CCC/DR6 to C/DR6. The downgrades were attributed to "preliminary payment calculations that give a good indication of final payment levels."
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