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Related Issuers
Conseco Finance Home Equity Loan Trust 2000-A
Conseco Finance Home Equity Loan Trust 2000-B
Conseco Finance Home Loan Trust 1999-G
Conseco Finance Securitizations Corp. Series 1999-6
Conseco Finance Securitizations Corp. Series 2000-1
Green Tree Financial Corporation MH 1992-01
Green Tree Financial Corporation MH 1992-02
Green Tree Financial Corporation MH 1993-01
Green Tree Financial Corporation MH 1993-02
Green Tree Financial Corporation MH 1993-03
Green Tree Financial Corporation MH 1993-04
Green Tree Financial Corporation MH 1994-01
Green Tree Financial Corporation MH 1994-02
Green Tree Financial Corporation MH 1994-03
Green Tree Financial Corporation MH 1994-04
Green Tree Financial Corporation MH 1994-05
Green Tree Financial Corporation MH 1994-06
Green Tree Financial Corporation MH 1994-07
Green Tree Financial Corporation MH 1994-08
Green Tree Financial Corporation MH 1995-01
Green Tree Financial Corporation MH 1995-02
Green Tree Financial Corporation MH 1995-03
Green Tree Financial Corporation MH 1995-04
Green Tree Financial Corporation MH 1995-05
Green Tree Financial Corporation MH 1995-06
Green Tree Financial Corporation MH 1995-07
Green Tree Financial Corporation MH 1995-08
Green Tree Financial Corporation MH 1995-09
Green Tree Financial Corporation MH 1995-10
Green Tree Financial Corporation MH 1996-01
Green Tree Financial Corporation MH 1996-02
Green Tree Financial Corporation MH 1996-03
Green Tree Financial Corporation MH 1996-04
Green Tree Financial Corporation MH 1996-05
Green Tree Financial Corporation MH 1996-06
Green Tree Financial Corporation MH 1996-07
Green Tree Financial Corporation MH 1996-08
Green Tree Financial Corporation MH 1996-09
Green Tree Financial Corporation MH 1997-01
Green Tree Financial Corporation MH 1997-03
Green Tree Financial Corporation MH 1997-04
Green Tree Financial Corporation MH 1997-05
Green Tree Financial Corporation MH 1997-07
Green Tree Financial Corporation MH 1998-01
Green Tree Financial Corporation MH 1998-02
Green Tree Financial Corporation MH 1998-04
Green Tree Financial Corporation MH 1998-05
Green Tree Financial Corporation MH 1998-07
Green Tree Financial Corporation MH 1998-08
Green Tree Home Improvement & Home Equity Loan Trust 1999-B
Green Tree Home Improvement and Home Equity Loan Trust 1998-F
Green Tree Home Improvement Loans 1994-BI
Green Tree Home Improvement Loans 1994-BII
Green Tree Home Improvement Loans 1994-CI
Green Tree Home Improvement Loans 1994-CII
Green Tree Home Improvement Loans 1994-D
Green Tree Home Improvement Loans 1994-E
Green Tree Home Improvement Loans 1995-A
Green Tree Home Improvement Loans 1995-B
Green Tree Home Improvement Loans 1995-C
Green Tree Home Improvement Loans 1995-D
Green Tree Home Improvement Loans 1995-E
Green Tree Home Improvement Loans 1995-F
Green Tree Home Improvement Loans 1996-A
Green Tree Home Improvement Loans 1996-B
Rating Action:

MOODY'S DOWNGRADES OR CONFIRMS RATINGS ON CONSECO FINANCE SUBORDINATE CERTIFICATES

27 Jul 2000
MOODY'S DOWNGRADES OR CONFIRMS RATINGS ON CONSECO FINANCE SUBORDINATE CERTIFICATES

Approximately $2.9 Billion of Asset-Backed Securities Affected

New York, July 27, 2000 -- Moody's Investors Service has downgraded the ratings of 47 subordinate classes from Conseco Finance Corp.'s (formerly known as Green Tree Financial Corporation) manufactured housing, home improvement and home equity deals. In a related action Moody's confirmed the ratings of eighteen subordinated classes and upgraded the rating of one subordinate class. All but one of the affected classes include Conseco Finance Corp.'s manufactured housing, home improvement and home equity classes that rely on a corporate guarantee from the company.

According to Christine Lachnicht, a Moody's vice president-senior analyst, the rating actions were prompted by Moody's announcement on June 30, 2000 that the rating on Conseco Finance Corp.'s long-term senior debt securities had been downgraded to Ba3. Eighteen of the subordinate classes were downgraded to Ba2 from Ba1, one rating notch above the rating of corporate guarantor, Conseco Finance Corp., because performance of the underlying loans and available excess spread was sufficient to support a rating higher than the corporate guaranty. The remaining 29 subordinate classes were downgraded to Ba3 because these deals primarily rely on the corporate guaranty to support the rating.

The complete rating actions are as follows:

Green Tree Manufactured Housing Contract Senior/Subordinated Pass-Through Certificates:

Series 1992-1; $36,161 mil., 8.75% Class B-2 Certificates, rating confirmed at Baa1

Series 1992-2; $49,014 mil., 9.15% Class B-2 Certificates, rating confirmed at Baa2

Series 1993-1; $30, 048 mil., 8.45% Class B-2 Certificates, rating confirmed at Baa1

Series 1993-2; $65,337 mil., 8.00% Class B-2 Certificates, rating confirmed at Baa1

Series 1993-3; $79,602 mil., 6.85% Class B-2 Certificates, rating confirmed at Baa1

Series 1993-4; $50, 768 mil., 7.20% Class B-1 Certificates, upgraded to A2 from Baa3

Series 1993-4; $29,011 mil., 8.55% Class B-2 Certificates, rating confirmed at Baa2

Series 1994-1; $36,505 mil., 7.85% Class B-2 Certificates, rating confirmed at Baa3

Series 1994-2; $25,209 mil., 8.55% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-3; $12.805 mil., 8.65% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-4; $20.017 mil., 8.60% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-5; $25.021 mil., 8.55% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-6; $30.185 mil., 9.00% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-7; $21.210 mil., 9.35% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-8; $31.392 mil., 9.40% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-1; $22.722 mil., 9.20% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-2; $16.457 mil., 8.80% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-3; $22.636 mil., 8.10% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-4; $12.804 mil., 7.70% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-5; $18.054 mil., 7.65% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1995-6; $17.845 mil., 8.00% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-7; $13.904 mil., 7.70% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-8; $19.197 mil., 7.65% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1995-9; $15.948 mil., 7.55% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1995-10; $16.212 mil., 7.40% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1996-1; $15.967 mil., 7.30% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1996-2; $18.618 mil., 7.90% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1996-3; $14.884 mil., 8.05% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1996-4; $16.615 mil., 8.10% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1996-5; $18.116 mil., 8.45% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1996-6; $16.625 mil., 8.35% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1996-7; $16.800 mil., 8.10% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1996-8; $21.052 mil., 8.30% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1996-9; $15.750 mil., 8.11% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1997-1; $17.500 mil., 7.76% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1997-2; $19.250 mil., 8.05% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1997-3; $28.000 mil., 8.03% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1997-4; $18.200 mil., 7.73% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1997-5; $19.250 mil., 7.49% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1997-7; $19.250 mil., 7.59% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1998-1; $15.750 mil., 8.11% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1998-2; $30.00 mil., 8.44% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1998-4; $20.00 mil., 8.11% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1998-5; $14.26 mil., 7.99% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1998-7; $34.00 mil., 8.24% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 1998-8; $60.75 mil., 8.50% Class B-2 Certificates, downgraded to Ba2 from Ba1

Conseco Finance Securitizations Corp.:

Series 1999-6; $35.00 mil., 9.20% Class B-2 Certificates, downgraded to Ba2 from Ba1

Series 2000-1; $31.50 mil., 8.80% Class B-2 Certificates, downgraded to Ba2 from Ba1

Green Tree Home Improvement Loan Trust:

Series 1994-BI; $9.055 mil., 8.70% Class B-2 Certificates, confirmed at Ba1

Series 1994-CI; $10.717 mil., 8.90% Class B-2 Certificates, confirmed at Ba1

Series 1994-CII; $12.482 mil., 8.10% Class A-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-D; $9.871 mil., 9.30% Class B-2 Certificates, downgraded to Ba3 from Ba1

Series 1994-E; $12.282 mil., 9.15% Certificates, confirmed at Ba1

Series 1995-A; $12.305 mil., 8.45% Class B Certificates, confirmed at Ba1

Series 1995-B; $12.179 mil., 8.15% Certificates, confirmed at Ba1

Series 1995-C; $8.409 mil., 7.60% Class B-2 Certificates, rating confirmed at Ba1

Series 1995-D; $10.442 mil., 7.45% Class B-2 Certificates, rating confirmed at Ba1

Series 1995-E; $32.241 mil., 6.80% Certificates, rating confirmed at Ba1

Series 1995-F; $8.022 mil., 7.10% Class B-2 Certificates, rating confirmed at Ba1

Series 1996-A; $5.626 mil., 7.40% Class B-2 Certificates, rating confirmed at Ba1

Series 1996-B; $25.130 mil., 6.45% Class A Certificates, rating confirmed at Ba1

Green Tree Home Improvement and Home Equity Loan Trust:

Series 98-F; $24.75 mil., 10.08% Class B-2 Notes, downgraded to Ba2 from Ba1

Series 99-B; $26.20 mil., 11.16% Class B-2 Notes, downgraded to Ba2 from Ba1

Conseco Finance Home Loan Trust:

Series 99-G; $19.938 mil., 10.96% Class B-2 Notes, downgraded to Ba2 from Ba1

Series 2000-A; $13.8 mil., Adj. Rate Class BV-2 Certificates, downgraded to Ba2 from Ba1

Series 2000-B; $35.0 mil., 10.00% Class BF-2 Certificates, downgraded to Ba2 from Ba1

Conseco Finance Corp., based in St. Paul, Minnesota, is a financial services company that originates and services manufactured housing, subprime mortgage and consumer loans. Conseco Finance Corp. is a wholly owned subsidiary of Conseco Inc., and currently, the parent company is exploring the sale of the company.

New York
Linda Stesney
Managing Director
Structured Finance Group
Moody's Investors Service
JOURNALISTS: (212) 553-0376
SUBSCRIBERS: (212) 553-1653

New York
Christine Lachnicht
Vice President - Senior Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: (212) 553-0376
SUBSCRIBERS: (212) 553-1653

No Related Data.
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