Article: Fitch Ratings Affirms Six Classes of ACA ABS 2003-1 Ltd.

NEW YORK -- Fitch Ratings affirms six classes of notes issued by ACA ABS 2003-1 Ltd. (ACA 2003-1). These affirmations are the result of Fitch's review process. The following ratings are affirmed and effective immediately:

-- $210,000,000 class A-T notes at 'AAA';

-- $80,000,000 class A-R notes at 'AAA';

-- $30,000,000 class A-M notes at 'AAA';

-- $15,000,000 class B notes at 'AA+';

-- $29,000,000 class C notes at 'A+';

-- $18,000,000 class D notes at 'BBB'.

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