IndyMac MBS Classes Downgraded

Seven classes of CWMBS (IndyMac) Inc. residential mortgage-backed certificates have been downgraded by Fitch Ratings.In addition, the ratings on 57 classes from 17 CWMBS deals were affirmed, and 21 classes were upgraded. The downgrades of the mortgage pass-through certificates were as follows: CWMBS (IndyMac) series 1995-C, class B5, from B to CCC and removed from Rating Watch Negative; CWMBS (IndyMac) 1999-E (RAST 1999-A5) series 1999-E, class B5, from B to CCC and removed from Rating Watch Negative; CWMBS (IndyMac) 1999-G (RAST 1999-A7) series 1999-G, class B4, from BB to CCC and removed from Rating Watch Negative, and class B5, from CC to C; CWMBS (IndyMac) 1999-H (RAST 1999-A8) series 1999-H, class B3, from BB to CCC and removed from Rating Watch Negative; and CWMBS (IndyMac) 1999-I (RAST 1999-A9) series 1999-I, class B4, from BB-minus to CCC, and class B5, from CCC to C. Fitch attributed the actions to loss levels and the level of delinquencies in relation to the applicable credit support. Fitch can be found online at http://www.fitchratings.com.