Fitch Ratings Affirms 11 Classes From 1 Bear Stearns ABS Issue.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 3, 2003

Fitch Ratings has taken rating action on the following BSABS issues:

Series 1999-1 Group 1

-- Classes AF-3, AF-4, AF-5, AF-6 affirmed at 'AAA';

-- Class MF-1 affirmed at 'AA';

-- Class MF-2 affirmed at 'A';

-- Class BF affirmed at 'BBB-'.

Series 1999-1 Group 2

-- Classes AV-1 affirmed at 'AAA';

-- Class MV-1 affirmed at 'AA';

-- Class MV-2 affirmed at 'A';

-- Class BV affirmed at 'BBB-'.

The affirmations on these classes reflect credit enhancement consistent with future loss expectations.

Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch ratings web site at 'www.fitchratings.com'.