NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed all rated classes of FMC Real Estate CDO 2005-1 Ltd. (FMC 2005-1). A detailed list of rating actions follows at the end of this release. KEY RATING DRIVERS The portfolio is very concentrated with only seven assets remaining. Approximately 85% of the pool consists of defaulted and Real Estate Owned (REO) assets with only one performing loan (15.4%) remaining in the transaction. Fitch's base case loss expectation, which incorporates prospectiv