Lehman MH Classes Downgraded

Thirteen classes from two Lehman manufactured housing securitizations have been downgraded by Fitch Ratings.The downgrades were as follows: class I-A-1 of Lehman ABS Corp. series 1998-1 group I, from AA to A-plus, and classes II-A-1 and II-A-2 of series 1998-1 group II, from B to B-minus; and Lehman ABS Corp. series 2001-B, classes A1 to A6, from AAA to AA, class M1, from AA to BBB-plus, class M2, from A to BB, and class B1, from BB to B-minus. Fitch also affirmed the ratings on four classes from the transactions. The downgrades in series 2001-B were attributed to deterioration in the relationship between credit enhancement and expected losses, and those in 1998-1 were attributed to the likelihood of interest shortfalls on the underlying classes. Fitch can be found online at http://www.fitchratings.com.