Fitch Ratings has taken rating actions on the following Conseco Finance Corporation manufactured housing (MH) issues listed below.
Series 2000-1
--Class A-5 remains at 'CC/DR2';
--Class M-1 remains at 'C/DR6'
Series 2000-2
--Class A-5 remains at 'CC/DR2';
--Class A-6 remains at 'CC/DR2';
--Class M-1 remains at 'C/DR6'
Series 2000-4
--Class A-5 remains at 'CC/DR2';
--Class A-6 remains at 'CC/DR2';
--Class M-1 remains at 'C/DR6'.
Series 2000-5
--Class A-6 remains at 'CCC/DR2';
--Class A-7 remains at 'CC/DR2';
--Class M-1 revised to 'C/DR6' from 'C/DR5'.
Series 2000-6
--Class A-5 is affirmed at 'B+;
--Class M-1 is revised to 'C/DR6' from 'C/DR5'.
Series 2001-1
--Class A-5 is affirmed at 'B+;
--Class M-1 is revised to 'C/DR6' from 'C/DR5'.
Series 2001-2
--Class M-1 is revised to 'C/DR6' from 'C/DR5'.
Series 2001-4
--Class A-4 is upgraded to 'BBB' from 'BB+';
--Class M-1 remains at'C/DR4';
--Class M-2 is revised to 'C/DR6' from 'C/DR5'.
Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at www.fitchratings.com.
Fitch's Distressed Recovery (DR) ratings are designed to estimate recoveries on a forward-looking basis while taking into account the time value of money.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.