Moody's Investors Service has downgraded the long-term credit ratings of the class B notes of Eurohypo 2000-1, a synthetic German residential mortgage-backed securities transaction.Moody's said the rating action was prompted by its recent downgrade of Eurohypo AG's senior unsecured debt from A1 to A2. Moody's can be found online at http://www.moodys.com.

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