New York, January 18, 2013 -- Moody's has downgraded the ratings of eight classes of Notes issued by Abacus 2005-4, Ltd. due to deterioration in the credit quality of the underlying portfolio of reference obligations. The rating action is the result of Moody's on-going surveillance of commercial real estate collateralized debt obligation and collateralized loan obligation (CRE CDO Synthetic) transactions.
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