OREANDA-NEWS. Fitch Ratings has affirmed Pangaea ABS 2007-1 B.V. as follows:

Class A: affirmed at 'BBsf''; Outlook Stable
Class B: affirmed at 'Bsf''; Outlook Stable
Class C: affirmed at 'CCCsf'
Class D: affirmed at 'Csf'
Class E: affirmed at 'Csf'
Class F: affirmed at 'Csf'
Class S1: affirmed at 'Csf'

The transaction is a managed cash securitisation of structured finance assets, primarily mortgage-backed securities. The portfolio is actively managed by Investec Principal Finance.