Fitch Ratings has taken the following rating actions on Asset Backed Securities Corporation Trust (ABSC) 2004-CFN1 certificates. The classes represent a beneficial ownership interest in separate trust funds, which include bonds that have been affirmed.
ABSC 2004-CFN1
--A1 affirmed at 'A';
--A2 remains at 'CC/DR2'.
The rating actions were taken as part of Fitch's ongoing surveillance process of existing transactions.
Further information regarding current delinquency, loss, and credit enhancement statistics is also available at www.fitchratings.com.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Contacts:
Michele Patterson, 212-908-0779
Tara Sweeney,
212-908-0347 (New York)
Media Relations:
Sandro Scenga,
212-908-0278 (New York)
