Bear MBS Class Downgraded

Class B-4 of Bear Stearns Mortgage Securities Inc. mortgage pass-through certificates, series 1997-6 FRM, has been downgraded from CCC to C by Fitch Ratings.The rating agency also upgraded two classes in the deal and affirmed the ratings on three other classes in the FRM and ARM segments of the transaction. The downgrade was attributed to credit enhancement levels relative to loss expectations. Fitch can be found on the Web at http://www.fitchratings.com.

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