Conseco Fin/Green Tree Fin's Ltd Gtds On RatingAlert Evolving.Business Editors NEW YORK--(BUSINESS WIRE)--April 5, 2000 Fitch fitch: see polecat. IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals places the limited guarantee classes of Conseco Conseco (NYSE: CNO), originally Security Life of Indiana, is a financial services organization based in Carmel, Indiana. Conseco's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than 4 million customers in the Finance Corp. and Green Tree Financial Corp.'s securitizations listed below on RatingAlert Evolving. This action follows the announcement by Conseco Inc., the parent of Conseco Finance Corp. (formerly Green Tree Financial Corp.), of its plans to put the unit up for sale. Conseco Inc.'s `BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. +' senior debt rating has also been placed on RatingAlert Evolving. For more information regarding Fitch IBCA's rating of the senior obligations, please see Fitch IBCA's press release dated March 31, 2000. Green Tree Financial Corp. and Conseco Finance Corp.'s manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected contracts pass-through certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size : series 1993-4, series 1994-1, series 1994-2, series 1994-3, series 1994- 5, series 1994-6, series 1994-7, series 1994-8, series 1995-1, series 1995-2, series 1995-3, series 1995-4, series 1995-5, series 1995-6, series 1995-7, series 1995-8, series 1995-9, series 1995- 10, series 1996-1, series 1996-2, series 1996-3, series 1996-4, series 1996-5, series 1996-6, series 1996-7, series 1996-8, series 1996-9, series 1996-10, series 1997-1, series 1997-2, series 1997- 3, series 1997-4, series 1997-5, series 1997-6, series 1997-8, series 1998-1, series 1998-3, series 1998-4, series 1998-6, series 1998-7, series 1999-1, series 1999-2, series 1999-3, series 1999- 4, series 1999-5, series 2000-1. Green Tree Financial Corp. and Conseco Finance Corp.'s home equity loan/home improvement loan certificates: series 1996-C, 1996-D, series 1996-E, series 1996-F, series 1997-A, series 1997-B, series 1997-C, series 1997-D, series 1997-E, series 1998-B, series 1998- C, series 1998-D, series 1998-E, series 1999-A, series 1999-C, series 1999-D, series 1999-E, series 1999-F, series 1999-H. Green Tree Recreational, Equipment & Consumer Trust's series 1996- A, series 1996-B, series 1996-C, series 1996-D, series 1997-A, series 1997-B, series 1997-C, series 1997-D, series 1998-A, series 1998-B, series 1998-C, series 1999-A. Green Tree Floorplan Receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed Master Trust series 1996-2, series 1998-1, series 1998-2, series 1999-1. Conseco Finance Vehicle Trust 1999-B. |
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