2008-10-02 21:21:03 -

- Fitch Ratings has taken the following rating actions on SACO I Trust 2005-GP1:

SACO I Trust 2005-GP1

-- Class A-1 affirmed at 'AAA';

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

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

-- Class M-2 downgraded to 'C/DR6' from 'BBB';

-- Class B-1 downgraded to 'C/DR6' from 'BBB-'.

Additional details are available in the following research, available at www.fitchratings.com:

Further information regarding current delinquency, loss, and credit enhancement statistics is also available at www.fitchratings.com.

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

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Fitch Ratings, New York
Tara Sweeney, +1-212-908-0347
Michele Patterson, +1-212-908-0779
Sandro Scenga, +1-212-908-0278 (Media Relations)