Fitch Ratings Affirms 18 RMBS Classes From 2 C-BASS Issues.

Business Editors

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

Fitch Ratings has affirmed eighteen residential mortgage-backed securities (RMBS) classes from the following two C-BASS issues:

Series 1999-CB2 Group 1

-- Classes IA & IA-PO 'AAA';

-- Class IM-1 'AA';

-- Class IM-2 'A';

-- Class IM-3 'BBB';

-- Class IB-1 'BB';

-- Class IB-2 'B'.

Series 1999-CB2 Group 2

-- Classes IIA-1 & IIA-2 'AAA';

-- Class IIM-1 'AA';

-- Class IIM-2 'A';

-- Class IIB-1 'BBB+';

-- Class IIB-2 'BBB-';

-- Class IIB-3 'BB'.

Series 2000-CB2

-- Class A1-A 'AAA';

-- Class M-1 'AA';

-- Class M-2 'A';

-- Class B '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'.