A loss to one of the classes drove a downgrade of two tranches for less than $0.1 billion from Banc of America Funding 2006-7 Trust, an Alt-A transaction, Moody’s Investors Service reported.

During the past two months, Moody’s said it downgraded 1,363 tranches of Alt-A securities that were issued between 2005 and 2007.

The dollar value of the impacted tranches were $45.6 billion.

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