Class M-10 of Mortgage Asset Securitization Transactions Asset Back Securities Trust mortgage pass-through certificates series 2005-FRE1 has been placed on Rating Watch Negative by Fitch Ratings.Fitch also upgraded 28 classes and affirmed the ratings on 68 classes in 13 MABS securitizations. The rating agency attributed the negative rating action to trends in the relationship between serious delinquencies and credit enhancement.

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