29.04.2013 22:56:00

Moody's takes action on $60 Million of Subprime RMBS Issued by Saxon 2004-1

New York, April 29, 2013 -- Moody's Investors Service has downgraded the rating of class A to A3 (sf) from Aaa (sf) and placed it on further review for downgrade, and placed the rating of class M-1 on review, direction uncertain, from Saxon Asset Securities Trust 2004-1, backed by Subprime mortgage loans.

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