Three classes of COMM 2000-FL3's commercial mortgage pass-through certificates have been downgraded by Fitch Ratings.The downgrades were as follows: class K-SR, from BBB to B; class L-SR, from BBB-minus to B-minus; and class D, from BB to BB-minus (and placed on Rating Watch Negative). In addition, class C was placed on Rating Watch Negative and the ratings on two other classes in the deal were affirmed. Fitch said the downgrades on classes K-SR and L-SR stemmed from "continuing concerns with the low occupancy and weak market conditions associated with Sunnyvale Research" and attributed the downgrade and Rating Watch placement of class D to "the deteriorating performance and refinance risk of the Whitehall Conference Center and Sunnyvale Research loans." Fitch can be found online at http://www.fitchratings.com.

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