Fitch Affirms 10, Takes Action on 1 RMBS Class from 2 IndyMac ABS HE Issues.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 11, 2003

Fitch Ratings has affirmed and taken rating action on the following IndyMac ABS, Inc., Home Equity issues:

Series SPMD 1998-A Group 1:

-- Class AF-5, AF-6 affirmed at 'AAA';

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

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

-- Class BF downgraded to 'B' from 'BBB' and removed from Rating

Watch Negative.

Series SPMD 2002-B:

-- Class AF, AV affirmed at 'AAA';

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

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

-- Class B-1 affirmed at 'BBB';

-- Class B-2 affirmed at 'BBB-'.

The negative rating action on Series 1998-A Group 1 Class BF is the result of adverse collateral performance and the deterioration of asset quality outside of Fitch's original expectations.

The affirmations on the above classes reflect credit enhancement consistent with future loss expectations.

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