Conseco Classes Downgraded

Published June 14, 2007, 2:00 p.m. EDT

1 Min Read

Three classes in two Conseco Finance home equity transactions have been downgraded by Fitch Ratings.The downgrades were as follows: Conseco Home Equity 2001-D, class B-2, from CC/DR3 to C/DR5; and Conseco Home Equity 2002-B, class B-1, from BBB-plus to BBB, and class B-2, from BB-plus to B-plus. Fitch also upgraded one class and affirmed the ratings on over 40 classes in various Conseco/Green Tree Finance home equity and home improvement deals. The rating agency said the downgrades stem from a deteriorating relationship between credit enhancement and expected losses.

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