Moody's Eyes Bear Stearns CMBS

Classes C, D, and E of Bear Stearns Commercial Mortgage Securities Inc. commercial mortgage pass-through securities, series 2000-LCON, have been placed on review for possible downgrade by Moody's Investors Service.The reason for the review status is that preliminary operating results for 2002 show "a significant decline" in cash flow since the rating agency's last review, Moody's said. The certificates are supported by a first-mortgage lien on fee and leasehold interests in the 751-room El Conquistador Resort & Country Club in Las Croabas, Fajardo, Puerto Rico.

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