Fitch Takes Various Rating Actions on 5 DLJ Subprime Transactions

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Fri Jun 6, 2008 2:09pm EDT

NEW YORK--(Business Wire)--
Fitch Ratings has taken the following rating actions on DLJ
mortgage pass-through certificates. Unless stated otherwise, any bonds
that were previously placed on Rating Watch Negative are now removed.

   DLJ 1995-QE3

   --Class A-1 revised to 'C/DR3' from 'C/DR2';

   Deal Summary

   --60+ day Delinquency: 16.91%

   --Realized Losses to date (% of Original Balance): 16.94%

   DLJ 1996-Q2

   --Class A-1 affirmed at 'AAA';

   --Class SA affirmed at 'AAA';

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

   --Class B-1 revised to 'CCC/DR2' from 'CCC/DR1';

   Deal Summary

   --60+ day Delinquency: 14.91%

   --Realized Losses to date (% of Original Balance): 8.57%

   DLJ 1996-QB

   --Class B-1 remains at 'CCC/DR2';

   --Class B-2 remains at 'DD';

   Deal Summary

   --60+ day Delinquency: 20.69%

   --Realized Losses to date (% of Original Balance): 9.29%

   DLJ 1996-QJ

   --Class B-1 affirmed at 'A+';

   --Class B-2 affirmed at 'BB+';

   --Class B-3 remains at 'C/DR5';

   Deal Summary

   --60+ day Delinquency: 16.75%

   --Realized Losses to date (% of Original Balance): 12.10%

   DLJ ABS 2000-5

   --Class A-1 downgraded to 'AA' from 'AAA';

   --Class A-2 downgraded to 'AA' from 'AAA';

   --Class A-3 downgraded to 'AA' from 'AAA';

   --Class A-IO affirmed at 'AAA';

   --Class M-1 downgraded to 'A' from 'AA';

   Deal Summary

   --60+ day Delinquency: 31.53%

   --Realized Losses to date (% of Original Balance): 3.13%

   Additional details are available in the following research,
available at www.fitchratings.com:

   --'Downgrade Criteria for Recent Vintage U.S. Subprime RMBS' (Aug.
8, 2007);

   All of Fitch's ratings criteria for U.S. subprime RMBS available
at www.fitchratings.com/subprime. For a list of deals currently under
analysis please visit www.fitchratings.com/smartview.

   Further information regarding current delinquency, loss, and
credit enhancement statistics is also available at
www.fitchratings.com.

   Fitch's Distressed Recovery (DR) ratings are designed to estimate
recoveries on a forward-looking basis while taking into account the
time value of money.

   Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
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.

Fitch Ratings
Tara Sweeney, +1-212-908-0347
Michele Patterson, +1-212-908-0779 (New York)
Media Relations:
Sandro Scenga, +1-212-908-0278 (New York)

Copyright Business Wire 2008
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