Fitch Rates ACE Securities Corp. HE Loan Trust, 2005-HE6.

NEW YORK -- ACE Securities Corp. Home Equity Loan Trust, asset-backed pass-through certificates, series 2005-HE6, are rated as follows by Fitch Ratings:

-- $1.184 billion class A ('senior certificates') 'AAA';

-- $59.8 million class M-1 'AA+';

-- $55.2 million class M-2 'AA';

-- $37.3 million class M-3 'AA-';

-- $26.4 million class M-4 'AA-';

-- $27.2 million class M-5 'A+';

-- $23.3 million class M-6 'A';

-- $24.1 million class M-7 'A-';

-- $17.9 million class M-8 'BBB+';

-- $17.9 million class M-9 'BBB';

-- $12.4 million class M-10 'BBB-';

-- $15.5 million class M-11 'BB+' (collectively the 'subordinate certificates').

The 'AAA' rating on the senior certificates reflects the 23.80% initial credit enhancement provided by 3.85% class M-1, the 3.55% class M-2, the 2.40% class M-3, the 1.70% class M-4, the 1.75% class M-5, the 1.50% class M-6, the 1.55% class M-7, the 1.15% class M-8, the 1.15% class M-9, the 0.80% class M-10, the 1.00% class M-11, the 1.65% privately offered class B-1, the 1.00% privately offered class B-2 and overcollateralization (OC). The initial and target OC is 0.75%. All certificates have the benefit of excess interest. In addition, the ratings also reflect the quality of the loans, the soundness of the legal and financial structures, and the capability of Ocwen Loan Servicing LLC as servicer, which is rated 'RPS2' by Fitch Ratings.

The collateral pool consists of fixed and adjustable rate mortgage loans and totals $1.554 billion as of the cut-off date. The weighted average original loan-to-value (OLTV) ratio is 82.20%. The average outstanding principal balance is $193,533, the weighted average coupon (WAC) is 7.329% and the weighted average remaining term to maturity (WAM) is 352 months. The weighted average credit score is 631. The loans are geographically concentrated in CA (34.35%), FL (13.22%) and NY (7.64%).

Fremont Investment & Loan, a California state chartered industrial bank headquartered in Brea, California originated 61.27% of the mortgage loans. Fremont currently operates five wholesale residential real estate loan production offices and conducts business in 45 states. The remainder of the mortgage loans were originated by various originators, none of which have originated more than 10% of the mortgage loans.

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.