2008-11-19 03:04:02 -

Fitch Ratings has taken various rating actions on Bear Stearns Structured Products mortgage certificates. The classes represent a beneficial ownership interest in separate trust funds.
Bear Stearns Structured Products Trust 2000-1
--Class 1-X affirmed at 'AAA'; Outlook Stable;
--Class 1-B affirmed at 'AA'; Outlook Stable;
--Class 1-C affirmed at 'A'; Outlook Stable;

--Class 1-D affirmed at 'BBB'; Outlook Stable;
--Class 2-A affirmed at 'AAA'; Outlook Stable;
--Class 2-B affirmed at 'AA'; Outlook Stable;
--Class 2-C affirmed at 'A'; Outlook Stable;
--Class 2-D affirmed at 'BBB'; Outlook Stable;
--Class 2-E affirmed at 'BB'; Outlook Stable;
--Class 2-F affirmed at 'B'; Outlook Stable;
--Class 3-X affirmed at 'AAA'; Outlook Stable;
--Class 3-A rated 'AAA', placed on Rating Watch Negative;
--Class 3-B rated 'AAA', placed on Rating Watch Negative;
--Class 3-C rated 'AA', placed on Rating Watch Negative;
--Class 3-D downgraded to 'BBB' from 'A'; Outlook Stable;
--Class 3-E downgraded to 'BB' from 'BBB'; Outlook Stable;
--Class 3-F downgraded to 'CCC/DR1' from 'BB';
--Class 3-G downgraded to 'CC/DR3' from 'B';
--Class 4-A downgraded to 'CCC/DR1' from 'AAA';
--Class 5-A affirmed at 'AAA'; Outlook Stable;
--Class 5-B affirmed at 'AA'; Outlook Stable;
--Class 5-C affirmed at 'A'; Outlook Stable;
--Class 5-D affirmed at 'BBB'; Outlook Stable
--Class 5-E affirmed at 'BB'; Outlook Stable;
--Class 5-F affirmed at 'B'; Outlook Stable.
The rating actions were taken as part of Fitch's ongoing surveillance process of existing transactions.
Further information regarding current delinquency, loss, and credit enhancement statistics is also available at cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ...
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ... Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.


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