CWMBS Classes Downgraded

Ten classes in five CWMBS (IndyMac) Inc. mortgage pass-through deals have been downgraded by Fitch Ratings, and one other class was placed on Rating Watch Negative.The downgrades were as follows: series 1999-E (RAST 1999-A5), class B4, placed on Rating Watch Negative, and class B5, from CCC to C; series 1999-I (RAST 1999-A9), class B4, from CCC to C, and class B5, from C to D; series 2000-A (RAST 2000-A1), class B3, from BBB to BB-minus and removed from Rating Watch Negative, class B4, from CCC to C, and class B5, from C to D; series 2000-C (RAST 2000-A3), class B3, from BBB to BB, and class B4, from CCC to C; and series 2000-G (RAST 2000-A7), class B3, from BB to B, and class B4, from CC to C. In addition, the ratings on 29 classes in eight transactions were affirmed. The rating agency said the actions stemmed from loss levels and high delinquencies relative to the applicable credit support. Fitch can be found online at http://www.fitchratings.com.