CWMBS Countrywide Classes Downgraded

Five classes in three CWMBS (Countrywide Home Loans) Inc. mortgage pass-through deals have been downgraded by Fitch Ratings and five classes in three other deals have been placed on Rating Watch Negative.The downgrades were as follows: series 2000-1, class B-3, from BB to B, and class B-4, from B to C; series 2000-2, class B-3, from BB to B, and class B-4, from CCC to C; and series 2000-4 ALT 2000-1, class B-3, from B to B-minus and removed from Rating Watch Negative. Classes placed on Rating Watch Negative were as follows: series 2001-3 ALT 2001-2, classes B-3 and B-4; series 2001-10 ALT 2001-6, classes B-3 and B-4; and series 2001-14 ALT 2001-7, class B-2. In addition, five classes out of the six deals were upgraded and the ratings on 12 other classes were affirmed. The actions were based on the number of delinquencies in relation to the applicable credit support, the rating agency said.