Deutsche MH Classes Downgraded

Published September 14, 2005, 2:00 p.m. EDT

1 Min Read

Six classes from two Deutsche Financial Capital manufactured housing transactions have been downgraded by Fitch Ratings.The downgrades were as follows: series 1997-I, classes A-3 to A-6, from AAA to AA-plus, and class M, from BBB to B-minus; and series 1998-I, class M, from B-minus to CCC. In addition, Fitch affirmed the ratings on six classes in series 1998-I. Fitch said DFC was a joint venture of Deutsche Financial Services Corp. and Oakwood Acceptance Corp. OAC was a wholly owned subsidiary of Oakwood Homes Corp., which filed for Chapter 11 bankruptcy protection in November 2002.

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