Conseco-Related Trusts Downgraded

The ratings on 11 classes from various Conseco Finance Corp.-related securitizations have been downgraded from CCC-minus to D (default) by Standard & Poor's Ratings Services.The downgrades were as follows: Home Improvement Loan Trust, series 1994-CI, 1994-D, 1995-A, and 1999-E; Home Improvement & Home Equity Loan Trust, series 1996-C HE, 1997-A HI, 1997-D HE, 1997-E HI, and 1998-B HE; Home Equity Loan Trust, series 1998-C; and Conseco Finance Home Loan Trust, series 1999-G. (The affected securities were the B-2 classes, except for class B of Home Improvement Loan Trust, series 1995-A.) Conseco Finance did not make any payments under a limited guarantee on the Feb. 18 distribution date, resulting in principal distribution shortfalls on three series of Home Improvement Loan Trust (1994-CI, 1994-D, and 1995-A) and interest shortfalls on the remaining eight classes, the rating agency said. S&P can be found online at http://www.standardandpoors.com.