Moody's Eyes Conseco HEL Classes

Eleven certificates from four transactions issued by Conseco Finance Home Equity Loan Trust in 2000 have been placed under review for possible downgrade by Moody's Investors Service.The affected classes were as follows: series 2000-B, classes MF-1, MF-2, BF-1, and BF-2; series 2000-D, classes B-1 and B-2; series 2000-E, classes B-1 and B-2; and series 2000-F, classes MF-2, BF-1, and BF-2. Moody's also placed under review for possible upgrade eight certificates from two Conseco transactions. The certificates are secured by 30-year fixed- and adjustable-rate home equity loans. The subordinate fixed-rate certificates were placed on review for possible downgrade because credit enhancement levels "may be low given the current projected losses on the underlying pools," Moody's said. One contributing factor is that many of the loans are second liens, which "generally experience very high loss severities," the rating agency said. Moody's can be found online at http://www.moodys.com.