Moody's Eyes Saxon HEL Class

Class BF-1 of Saxon Asset Securities Trust series 2000-1 has been placed under review for possible downgrade by Moody's Investors Service.The certificates are secured by fixed- and adjustable-rate home equity loans. The underlying collateral "appears to be performing worse than Moody's original expectations," the rating agency said. Moody's added that the severity of loss on the liquidated loans may increase due to a higher concentration of manufactured housing loans. The rating agency can be found on the Web at http://www.moodys.com.