Three classes of Conseco Home Equity 2000-B have been downgraded by Fitch Ratings.The downgrades were as follows: class MF-2, from A to BBB-minus; class BF-1, from BBB-plus to B and removed from Rating Watch Negative; and class BF-2, from BBB to CCC and removed from Rating Watch Negative. Fitch also affirmed the ratings on five other classes in the deal. The rating agency attributed the downgrades to high losses and high delinquencies relative to applicable credit support.
Conseco HEL Classes Downgraded
May 10, 2004, 2:00 p.m. EDT 1 Min Read
