The Rating
Outlook is Positive.fitchdominicana.49 billion of
outstanding certificates detailed above.8 million of
outstanding certificates detailed above, are taken due to the
continued deterioration in the performance of the underlying
collateral.

landsb royskt

Business Editors

NEW YORK----Fitch Ratings has taken
the following rating actions on Long Beach residential mortgage-backed
issues listed below:

Asset-Backed Securities Corporation (Long Beach Home Equity Loan
Trust), series 2000-LB1 Group 1

Class AF5 affirmed at 'AAA';

Class AF6 affirmed at 'AAA';

Class M1F downgraded to 'BBB+' from 'AA';

Class M2F downgraded to 'B' from 'BBB-';

Class BF remains at 'C'.

Long Beach Mortgage Loan Trust , series 2001-1

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

-- Class M-1 downgraded to 'A' from 'AA';

-- Class M-2 downgraded to 'B+' from 'BBB';

-- Class M-3 downgraded to 'C' from 'BB'. As of the April 2005 distribution
date, the transactions are seasoned from a range of 29 to 56 months,
and the pool factors (current mortgage loan principal outstanding as a
percentage of the initial pool) range from approximately 10% (series
2000-LB1 Group 2) to 26% (series 2002-5).

roya skriva

com.fitchratings.

Long Beach Mortgage Loan Trust, series 2001-3

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

-- Class A-2 affirmed at 'AAA';

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

-- Class M-2 downgraded to 'BBB-' from 'BBB+';

-- Class M-3 downgraded to 'C' from 'B'.

Long Beach Mortgage Loan Trust, series 2002-2 Group 2

-- Class II-A affirmed at 'AAA';

-- Class II-S1 affirmed at 'AAA';

-- Class II-M1 affirmed at 'AA';

-- Class II-M2 affirmed at 'A';

-- Class II-M3 downgraded to 'BBB-' from 'BBB';

-- Class II-M4A downgraded to 'B' from 'BBB-';

-- Class II-M4B downgraded to 'B' from 'BBB-'.

lsa vitan

In the eight transactions that experience downgrade
actions, the high level of losses incurred has led to substantial and
rapid decline in credit enhancement (CE), particularly in the form of
overcollateralization (OC).A.

National ratings are an assessment of credit quality relative to
the rating of the 'best' credit risk in a country. This best risk will
normally, although not always, be assigned to all financial
commitments issued or guaranteed by the sovereign state.fitchratings.
Fitch will continue to closely monitor these transactions.

tey saman

Long Beach Mortgage Loan Trust, series 2002-2 Group 2

-- Class II-A affirmed at 'AAA';

-- Class II-S1 affirmed at 'AAA';

-- Class II-M1 affirmed at 'AA';

-- Class II-M2 affirmed at 'A';

-- Class II-M3 downgraded to 'BBB-' from 'BBB';

-- Class II-M4A downgraded to 'B' from 'BBB-';

-- Class II-M4B downgraded to 'B' from 'BBB -'.fitchratings.

Fitch Lowers 23 + Affirms 43 RMBS Classes from 11 Long Beach Issues

Long Beach Mortgage Loan Trust, series 2001-4 Group 1

-- Class I-A affirmed at 'AAA';

-- Class I-M2 downgraded to 'BBB-' from 'A-';

-- Class I-M3 downgraded to 'C' from 'B+'.

roya lum

com.br

Fitch Central America 'www.

Long Beach Mortgage Loan Trust, series 2002-1 Group 1

-- Class I-A affirmed at 'AAA';

-- Class I-M2 affirmed at 'A';

-- Class I-M3 affirmed at 'BBB '.

frams royum

)
Fitch Ratings has taken the following rating actions on Long Beach
residential mortgage-backed issues listed below:
Asset-Backed Securities Corporation (Long Beach Home Equity Loan
Trust), series 2000-LB1 Group 1

Class AF5 affirmed at 'AAA';

Class AF6 affirmed at 'AAA';

Class M1F downgraded to 'BBB+' from 'AA';

Class M2F downgraded to 'B' from 'BBB-';

Class BF remains at 'C'.8 million of
outstanding certificates detailed above, are taken due to the
continued deterioration in the performance of the underlying
collateral. In the most severe examples (series
2000-LB1 Group 1 and series 2001-2), OC has been exhausted and the
most subordinate certificates have suffered principal write-downs.com

A.

Companhia Tecnica de Engenharia Eletrica (Brazil)

-- National scale long-term issuer rating of 'BBB+(bra)'
assigned.A.

Long Beach Mortgage Loan Trust, series 2000-1

-- Class AF-3 affirmed at 'AAA';

-- Class AF -4 affirmed at 'AAA';

-- Class AV-1 affirmed at 'AAA';

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

-- Class M-2 downgraded to 'BB-' from 'BBB-';

-- Class M-3 downgraded to 'C' from 'CCC '.

Long Beach Mortgage Loan Trust, series 2002-2 Group 1

-- Class I-A affirmed at 'AAA ';

-- Class I-S1 affirmed at 'AAA';

-- Class I-M2 affirmed at 'A';

-- Class I -M3 affirmed at 'BBB';

-- Class I-M4A downgraded to 'B+' from 'BBB-';

-- Class I-M4B downgraded to 'B+' from 'BBB-'. In the most severe examples (series
2000-LB1 Group 1 and series 2001 -2), OC has been exhausted and the
most subordinate certificates have suffered principal write-downs .

roya vit

Long Beach Mortgage Loan Trust, series 2001-3

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

-- Class A-2 affirmed at 'AAA';

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

-- Class M-2 downgraded to 'BBB-' from 'BBB+';

-- Class M-3 downgraded to 'C' from 'B'.
Additional information on these rating actions is available on the
following web sites:

Fitch Ratings 'www.

Long Beach Mortgage Loan Trust, series 2001-4 Group 2

-- Class II-A1 affirmed at 'AAA';

- - Class II-A3 affirmed at 'AAA';

-- Class II-M1 affirmed at 'AA';

-- Class II-M2 affirmed at 'A';

-- Class II-M3 downgraded to 'B+' from 'BB-'. (rated 'AAA').

llum royskt

The affirmations reflect credit enhancement consistent with future
loss expectations and affect approximately $1.
The affirmations on classes II-A and II-S1 in series 2002-3, and
classes II-A and II-S1 in series 2002-4, reflect a guaranty provided
by XL Capital Assurance Inc.
The negative rating actions, which affect $526 .fitchratings.com

roya verk

As of the April 2005 distribution
date, the transactions are seasoned from a range of 29 to 56 months,
and the pool factors (current mortgage loan principal outstanding as a
percentage of the initial pool) range from approximately 10% (series
2000-LB1 Group 2) to 26% (series 2002-5).

Fifth debentures issuance of BRL1,200,000,000 assigned new
national scale long-term rating of 'AA(bra)'

Structured finance:

Ribeiro IV (Argentina)

-- Securitization of consumer loans class A for ARP17,581,034
assigned rating of 'AA(arg)';

-- Securitization of consumer loans class B for ARP2,197,629
assigned rating of 'BBB+(arg)'.bo

Fitch Brazil 'www.

alfr savnet

Fitch will continue to closely monitor these transactions.

Financial institutions:

BankBoston Leasing S.

Long Beach Mortgage Loan Trust, series 2002-4 Group 2

-- Class II-A affirmed at 'AAA';

-- Class II-S1 affirmed at 'AAA'.

roya skriva

Long Beach Mortgage Loan Trust, series 2001-4 Group 1

-- Class I-A affirmed at 'AAA';

-- Class I -M2 downgraded to 'BBB-' from 'A-';

-- Class I-M3 downgraded to 'C' from 'B+'.

Long Beach Mortgage Loan Trust, series 2002-1 Group 2

-- Class II-M1 affirmed at 'AA';

-- Class II -M2 affirmed at 'A';

-- Class II-M3 downgraded to 'BB' from 'BBB';

-- Class II-M4 downgraded to 'B' from 'BB+'. (Brazil)

-- Second debentures issuance of BRL64,000,000 assigned new
national scale long-term rating of 'BB+(bra)'.com

Fitch Argentina 'www.com

Fitch Venezuela 'www .

Long Beach Mortgage Loan Trust, series 2001-2

-- Class A-1V affirmed at 'AAA';

-- Class M-1 downgraded to 'A' from 'AA';

-- Class M-2 downgraded to 'BB' from 'BBB';

-- Class M-3 downgraded to 'C' from 'B'.

alfr royar

Tarjeta Naranja III (Argentina)

-- Securitization of consumer loans class A for ARP54,400,000
assigned rating of 'AAA(arg)';

-- Securitization of consumer loans class B for ARP6,400,000
assigned rating of 'A-(arg)'

Consubond XXXI (Argentina )

-- Securitization of consumer loans class A for ARP24,990,000
assigned rating of 'AA+(arg )'

-- Securitization of consumer loans class B for ARP2,352,000
assigned rating of 'A(arg )'

-- Securitization of consumer loans class C for ARP2,058,000
assigned rating of 'BB+(arg )'

Imigrantes Securitizadora de Credito Imobiliario (BASF) series
2005-2 (Brazil)

- - Commercial mortgage-backed securitization series 2005-2 for
BRL30,500,000 assigned rating of 'A +(bra)'.com

Fitch Chile 'www.

alfr verk

Business Editors

CHICAGO----During the week of March
7-11, 2005, Fitch Ratings changed the following ratings on the
national scale in Latin America:

Corporates:

Euromayor S.fitchca.cl

Fitch Dominican Republic 'www.

indi frams

Correction: Fitch Lowers 26 + Affirms 40 RMBS Classes from 11 Long Beach Issues

arb landsb

49 billion of
outstanding certificates detailed above. In addition, the affirmation
on class A-1V in series 2001-2 reflects a guaranty provided by Freddie
Mac (rated 'AAA' by Fitch).fitchratings.

eina lum

Further
information regarding current delinquency , loss, and credit
enhancement statistics is available on the Fitch Ratings website at
www.

Gafisa S.fitchmexico.

All of the mortgage loans in the aforementioned transactions were
either originated or acquired by Long Beach Mortgage Company.

llum lsa

Asset-Backed Securities Corporation, (Long Beach Home Equity Loan
Trust), series 2000-LB1 Group 2

-- Class M2V affirmed at 'BBB ';

-- Class BV downgraded to 'C' from 'BB-'.

Long Beach Mortgage Loan Trust, series 2001 -2

-- Class A-1V affirmed at 'AAA';

-- Class M-1 downgraded to 'A' from 'AA';

- - Class M-2 downgraded to 'BB' from 'BBB';

-- Class M-3 downgraded to 'C' from 'B'.

Long Beach Mortgage Loan Trust, series 2002-4 Group 2

-- Class II-A affirmed at 'AAA';

-- Class II-S1 affirmed at 'AAA'.
The affirmations on classes II-A and II-S1 in series 2002-3, and
classes II-A and II-S1 in series 2002-4, reflect a guaranty provided
by XL Capital Assurance Inc.

llum roya

Long Beach Mortgage Loan Trust, series 2000-1

-- Class AF-3 affirmed at 'AAA';

-- Class AF -4 affirmed at 'AAA';

-- Class AV-1 affirmed at 'AAA';

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

-- Class M-2 downgraded to 'BB-' from 'BBB-';

-- Class M-3 downgraded to 'C' from 'CCC'.

Long Beach Mortgage Loan Trust, series 2001-4 Group 2

-- Class II-A1 affirmed at 'AAA';

-- Class II-A3 affirmed at 'AAA';

-- Class II-M1 affirmed at 'AA';

-- Class II-M2 downgraded to 'BBB-' from 'A';

-- Class II-M3 downgraded to 'C' from 'BB-'.

Long Beach Mortgage Loan Trust, series 2002-3 Group 2

-- Class II-A affirmed at 'AAA';

-- Class II-S1 affirmed at 'AAA'.

Fitch Takes Actions on National Scale Ratings in Latin America

de Inversiones (Argentina )

-- National scale long-term rating downgraded to 'C(arg)' from
'CCC(arg)'. Therefore, a
given national scale rating implies a different level of risk compared
with the same international scale rating. The
mortgage loans consist of fixed- and adjustable-rate subprime mortgage
loans and are secured by first- and second-lien mortgages or deeds of
trust on residential properties.

savnet lsa

Long Beach Mortgage Loan Trust, series 2001-1

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

-- Class M-1 downgraded to 'A' from 'AA';

-- Class M-2 downgraded to 'B+' from 'BBB';

-- Class M-3 downgraded to 'C' from 'BB'.

Long Beach Mortgage Loan Trust, series 2002-2 Group 1

-- Class I-A affirmed at 'AAA';

-- Class I-S1 affirmed at 'AAA';

-- Class I-M2 affirmed at 'A';

-- Class I-M3 downgraded to 'BBB-' from 'BBB';

-- Class I-M4A downgraded to 'B' from 'BBB-';

-- Class I-M4B downgraded to 'B' from 'BBB-'. The
mortgage loans consist of fixed- and adjustable-rate subprime mortgage
loans and are secured by first- and second-lien mortgages or deeds of
trust on residential properties. The affirmations on class A-1 in series
2001-3, class I-A in series 2001-4, class I-A in series 2002-1,
classes I-A and I-S1 in series 2002-2, and classes A-1 and S-1 in
series 2002-5 reflect a guaranty provided by Fannie Mae (rated 'AAA').

Long Beach Mortgage Loan Trust, series 2002-1 Group 2

-- Class II-M1 affirmed at 'AA';

-- Class II-M2 affirmed at 'A';

-- Class II-M3 downgraded to 'BB' from 'BBB';

-- Class II-M4 downgraded to 'B' from 'BB+'.

verk handb

Business Editors

NEW YORK----(This is a revised
version of a press release that was issued on May 20.

Long Beach Mortgage Loan Trust, series 2002-1 Group 1

-- Class I-A affirmed at 'AAA';

-- Class I-M2 affirmed at 'A';

-- Class I-M3 downgraded to 'BB' from 'BBB'.

National scale short-term issuer rating of 'F1+(bra)'
assigned.fitchratings.fitchratings.

arb royskt

In addition to
the number of classes affected in the headline , the release contains
amended ratings on classes II-M2 and II-M3 in series 2001-4 Group 2,
class I-M3 in series 2002-1 Group 1, and classes I-M3, I-M4A and I-M4B
in series 2002-2 Group 1.com.ar

Fitch Bolivia 'www.com

Fitch Mexico 'www. The affirmations on class A-1 in series
2001 -3, class I-A in series 2001-4, class I-A in series 2002-1,
classes I-A and I-S1 in series 2002-2 , and classes A-1 and S-1 in
series 2002-5 reflect a guaranty provided by Fannie Mae (rated 'AAA' ).

skj royar

(rated 'AAA').com

royar vur

fitchvenezuela.

Asset-Backed Securities Corporation, (Long Beach Home Equity Loan
Trust), series 2000-LB1 Group 2

-- Class M2V affirmed at 'BBB';

-- Class BV downgraded to 'C' from 'BB-'.

Long Beach Mortgage Loan Trust, series 2002-3 Group 2

-- Class II-A affirmed at 'AAA';

-- Class II-S1 affirmed at 'AAA'. Further
information regarding current delinquency, loss, and credit
enhancement statistics is available on the Fitch Ratings website at
www.

skj indi

Long Beach Mortgage Loan Trust, series 2002-5

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

-- Class S-1 affirmed at 'AAA';

-- Class A-2 affirmed at 'AAA';

-- Class S-2 affirmed at 'AAA';

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

-- Class M-2 affirmed at 'A';

-- Class M-3 affirmed at 'BBB';

-- Class M-4A affirmed at 'BBB-';

-- Class M-4B affirmed at 'BBB-'.

All of the mortgage loans in the aforementioned transactions were
either originated or acquired by Long Beach Mortgage Company. - Arrendamento Mercantil (Brazil)

National scale long-term issuer rating of 'AA(bra)' assigned.
The affirmations reflect credit enhancement consistent with future
loss expectations and affect approximately $1. In the eight transactions that experience downgrade
actions, the high level of losses incurred has led to substantial and
rapid decline in credit enhancement (CE), particularly in the form of
overcollateralization (OC).

landsb royskt

roya skriva

lsa vitan

tey saman

Fitch Lowers 23 + Affirms 43 RMBS Classes from 11 Long Beach Issues

roya lum

frams royum

roya vit

llum royskt

roya verk

alfr savnet

roya skriva

alfr royar

alfr verk

indi frams

Correction: Fitch Lowers 26 + Affirms 40 RMBS Classes from 11 Long Beach Issues

arb landsb

eina lum

llum lsa

llum roya

Fitch Takes Actions on National Scale Ratings in Latin America

savnet lsa

verk handb

arb royskt

skj royar

royar vur

skj indi

vitan lsa