Four certificates from Ace Securities Corp. Home Equity Loan Trust have been placed on review for possible downgrade by Moody's Investors Service.The affected securities are classes M8, M9A, M9B, and B1. Moody's attributed the negative rating actions to the fact that the bonds' credit enhancement levels, including excess spread, may be too low in view of projected losses. The primary originators on the transaction, which is backed by second-lien loans, are Long Beach Mortgage Co. (60%) and Fremont Investment & Loans (30%).

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