IndyMac HEL Class Downgraded

Class BF of IndyMac ABS Inc.'s home equity series SPMD 1998-A group 1 has been downgraded from BBB to B and removed from Rating Watch Negative by Fitch Ratings.In addition, Fitch affirmed the ratings on four other classes in the series and six classes from series SPMD 2002-B. The downgrade is the result of "adverse collateral performance and the deterioration of asset quality outside of Fitch's original expectations," the rating agency said.