Article: Fitch Affirms 168 & Places 18 Classes on Watch Negative From 16 PPSI Issues.

NEW YORK -- Fitch affirms 168 classes and places 18 on Rating Watch Negative of the following Park Place Securities Inc. (PPSI) home equity issues:

Series 2004-MCW1

--Class A 'AAA';

--Class M-1 'AA+';

--Class M-2 'AA';

--Class M-3 'AA-';

--Class M-4 'A+';

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