The ratings on three classes of Conseco MH Senior/Subordinate Pass-Through Trust 2000-3 have been lowered and removed from CreditWatch with negative implications by Standard & Poor's Ratings Services.The downgrades were as follows: class M-1, from A to B-minus; class M-2, from BBB to CCC; and class B-1, from BB to CCC-minus. "The performance trend associated with the pool of manufactured housing contracts (which supports the rated certificates) has deteriorated during the past two years, with more pronounced deterioration experienced during the past several months," the rating agency said. S&P can be found on the Web at http://www.standardandpoors.com.
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