Nine classes from four IndyMac ABS Inc. home equity issues have been downgraded by Fitch Ratings.In addition, two classes have been placed on Rating Watch Negative, one class has been upgraded, the Distressed Recovery ratings on two classes have been upgraded, and the ratings on 36 other classes in six IndyMac ABS home equity deals have been affirmed. The negative rating actions were attributed to a deterioration in the relationship between credit enhancement and expected losses. The rating agency can be found online at http://www.fitchratings.com.

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