Fitch Downgrades CWMBS IndyMac Classes

Eight classes in three CWMBS (IndyMac) Inc. mortgage pass-through deals have been downgraded by Fitch Ratings.The downgrades were as follows: series 2000-F, class B3, from BB to CCC and removed from Rating Watch Negative, and class B4, from C to D; series 2000-G, class B-3, from BBB to BB, class B-4, from B to CC and removed from Rating Watch Negative, and class B-5, from C to D; and series 2000-H, class B-3, from BBB to BB, class B4, from B to CC and removed from Rating Watch Negative, and class B5, from C to D. In addition, Fitch placed class B-2 of series 2000-F on Rating Watch Negative and affirmed its ratings on five other classes from the three deals. The rating agency said the downgrades stemmed from loss levels and high delinquencies relative to the applicable credit support. Fitch can be found online at http://www.fitchratings.com.