Access MH Classes Downgraded

Published March 23, 2005, 3:00 p.m. EST

1 Min Read

Three subordinate certificates from two Access Financial manufactured housing securitizations have been downgraded by Moody's Investors Services.The downgrades were as follows: Access Financial Manufactured Housing Contract Trust, series 1995-1, class B-1, from Ba2 to B2; and Access Financial Manufactured Housing Contract Trust, series 1996-1, class A-6, from Aa3 to A1, and class B-1, from Caa2 to Ca. Moody's attributed the downgrades to the continued weaker-than-expected performance of Access Financial's manufactured housing pools. Moody's can be found on the Web at http://www.moodys.com.

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