DOW JONES NEWS WIRES Moody's Investors Service downgraded the ratings on $2.2 billion in residential mortgage-backed securities backed by Alt-A loans issued by the Residential Funding Co. LLC.The downgrade affects 87 series from 13 Alt-A RMBS issued by RFC during 2005.Moody's has downgraded several hundred billion dollars of RMBS since the start of April as credit raters revise the amount of losses expected on falling home prices, high joblessness and the slow economy that diminish their credit quality.
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