Two classes from two Access Financial Manufactured Housing Contract Trust issues have been downgraded by Fitch Ratings.Class B-1 of series 1995-1 and class B-1 of series 1996-1 were downgraded from CCC to C. In addition, one class from series 1995-1 was upgraded and the ratings on three classes from the two deals were affirmed. Losses on series 1995-1 have caused the certificates to be undercollateralized by approximately $2 million, and cumulative losses now represent 24% of the original balance, the rating agency said. Series 1996-1 has also experienced higher losses than expected, and the certificates are undercollateralized by $8.5 million, Fitch said.

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