Citigroup's $182.8MM A-B P-T Certificates, Series 2005-HE2, Rated By Fitch.

NEW YORK -- Citigroup Mortgage Loan Trust Inc., asset-backed pass-through certificates, series 2005-H2, is rated by Fitch Ratings as follows:

-- $158,084,000 class A 'AAA';

-- $11,014,000 class M-1 'AA';

-- $6,757,000 class M-2 'A';

-- $4,350,000 class M-3 'BBB';

-- $2,592,000 class M-4 'BBB-'.

The 'AAA' rating on the class A certificates reflects the 16.60% credit enhancement provided by the 5.95% class M-1, the 3.65% class M-2, the 2.35% class M-3, the 1.40% class M-4, and target overcollateralization (OC) of 3.25%. All certificates have the benefit of excess interest. The ratings on the certificates reflect the quality of the underlying collateral and Fitch's level of confidence in the integrity of the legal and financial structure of the transaction.

The mortgage pool consists primarily of first and second liens on adjustable- and fixed-rate, one- to four-family, fully amortizing and balloon, residential mortgage loans with an aggregate principal balance of $185,111,001. As of the cut-off date of June 30, 2005, the mortgage loans had a weighted average current loan-to-value ratio (CLTV) of 68.61%, weighted average coupon (WAC) of 7.83%, weighted average remaining term to maturity (WAM) of 293 months and an average principal balance of $99,844. The three largest state concentrations are California (14.36%), Texas (7.87%), and New York (6.75%).

In addition, the mortgage pool is comprised of 66.15% performing, 9.60% sub-performing and 24.25% re-performing mortgage loans. For analytical purposes, a loan is classified as performing if it is not 30 or more days delinquent; as sub-performing if it is at least 30 days, but not more than 59 days delinquent; and as re-performing if it had defaulted in the past and is currently at least 60 days delinquent and has made three payments in the previous three months. Certain sub-performing mortgage loans are characterized further regarding forbearance or bankruptcy plans.

Distributions of principal and interest will be made on the 25th day of each month commencing on July 25th, 2005. Interest and principal distributions will be made first to the holders of the senior certificates and will then be distributed sequentially among the subordinate certificates. Some amount of excess cashflow will be released to all of the certificates in reverse order of priority. In addition, on or after the stepdown date, so long as certain requirements are met, including delinquency and loss triggers, some amount of principal will be released to the subordinate certificates in reverse order of priority.

Arrearages accrued but not paid prior to the cut-off date, as well as advances paid in connection with servicing these mortgages loans prior to the cut-off date, are referred to as pre-existing advanced amounts. These amounts are not pledged to the trust. Any payments received in respect of these amounts will not be available for distribution to the certificateholders and will instead be remitted to the related servicer. As of the cut-off date, the pre-existing advanced amounts will not exceed approximately $7,600,000.

Wells Fargo Bank, N.A. (Wells), will be servicing the mortgage loans. In addition, Wells, rated 'RMS1' will also act as master servicer.

None of the mortgage loans are 'high cost' loans as defined under any local, state or federal laws. For additional information on Fitch's rating criteria regarding predatory lending legislation, please see the press release issued May 1, 2003 entitled, 'Fitch Revises Rating Criteria in Wake of Predatory Lending Legislation', available on the Fitch Ratings web site at www.fitchratings.com.

Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies and relevant policies and procedures are also available from this site, at all times. This document will remain on the public site for seven days.