Fitch Ratings has affirmed the following Asset Backed
Securities Corp. home equity issue:
Series 2004-HE1
-- Class A-1 at 'AAA';
-- Class A-2 at 'AAA';
-- Class A-3 at 'AAA';
-- Class M-1 at 'AA';
-- Class M-2 at 'A';
-- Class M-3 at 'A-';
-- Class M-4 at 'BBB+';
-- Class M-5 at 'BBB';
-- Class M-6 at 'BBB-'.
As of the April 2005 distribution date, the pool factor (current principal balance as a percentage of original) is 52.43% and the cumulative loss to date as a percentage of the pool's initial balance is 0.06%. The number of loans more than 60 days delinquent as a percentage of the current pool balance is 6.44%.
Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com.
Series 2004-HE1
-- Class A-1 at 'AAA';
-- Class A-2 at 'AAA';
-- Class A-3 at 'AAA';
-- Class M-1 at 'AA';
-- Class M-2 at 'A';
-- Class M-3 at 'A-';
-- Class M-4 at 'BBB+';
-- Class M-5 at 'BBB';
-- Class M-6 at 'BBB-'.
As of the April 2005 distribution date, the pool factor (current principal balance as a percentage of original) is 52.43% and the cumulative loss to date as a percentage of the pool's initial balance is 0.06%. The number of loans more than 60 days delinquent as a percentage of the current pool balance is 6.44%.
Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com.