Fitch Affirms 3 Classes from 1 LABS HEL Trust Transaction

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on Lehman ABS (LABS) Corporation Home Equity Loan Trust 2005-1:

LABS HEL Trust 2005-1

--Class A-1 affirmed at 'AA';

--Class M1 affirmed at 'BBB-';

--Class M2 rated 'BB+' is placed on Rating Watch Negative.

Additional details are available in the following research, available at www.fitchratings.com:

Further information regarding current delinquency, loss, and credit enhancement statistics is also available at www.fitchratings.com.

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