Eight classes from three Conseco/Green Tree home equity and home improvement loan deals have been downgraded by Fitch Ratings.The downgrades were as follows: Green Tree Home Equity 1999-D, class B1, from BBB to BB-plus; Conseco Home Improvement 2000-E, class M1, from AA to AA-minus, class M2, from A to BBB-minus, class B1, from BBB to BB, and class B2, from BB to CC; and Conseco Home Equity 2001-D, class M2, from A-minus to BBB, class B1, from BBB-minus to BB-minus, and class B2, from BB-minus to CCC. In addition, Fitch upgraded 52 classes in 22 Conseco/Green Tree transactions and affirmed the ratings on 18 other classes. The downgrades were attributed to concerns about the adequacy of credit enhancement in view of expected losses.
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