Eight classes of COMM 2000-FL3's commercial mortgage pass-through certificates have been downgraded by Fitch Ratings.The downgrades were as follows: class D, from BBB-minus to BB; class K-QA, from BBB-plus to BB-plus; class L-QA, from BBB to BB; class K-SR, from BBB-plus to BBB; class L-SR, from BBB to BBB-minus; class K-HS, from BBB-minus to BB; class L-HS, from BBB to BB; and class M-HS, from BBB-minus to BB-minus. Classes K-HS, L-HS, and M-HS were also placed on Rating Watch Negative. In addition, the rating agency upgraded one class in the deal and affirmed the ratings on two others. Fitch said the downgrades stemmed from the deteriorating performance of four loans: 10 Hanover Square, an office property in downtown New York; The Queens Atrium, a mixed-use property in the Queens borough of New York City; the Whitehall Conference Center in Leesburg, Va.; and Sunnyvale Research Center in Sunnyvale, Calif. Fitch can be found online at http://www.fitchratings.com.

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