Correction: Fitch Takes Rating Action On Bombardier Capital Manufactured Housing Contracts.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 16, 2002

(This is an amended version of a press release issued on Dec. 11, containing revised rating information on series 1999-B classes A-1A & A-1B-A5 and series 2000-A classes A1-A3.)

Fitch Ratings has performed a review of the Bombardier Capital manufactured housing transactions. Based on the review, the following rating actions have been taken by Fitch:

--Series 1998-A classes A-3-A-5 affirmed at 'AAA';

--Series 1998-A class M-1 affirmed at 'AA';

--Series 1998-A class B-1 affirmed at 'B';

--Series 1998-A class B-2 affirmed at 'CCC';

--Series 1998-B class A affirmed at 'AAA';

--Series 1998-B class M-1 affirmed at 'A-';

--Series 1998-B class M-2 affirmed at 'BB';

--Series 1998-B class B-1 affirmed at 'CCC';

--Series 1998-B class B-2 downgraded to 'C' from 'CCC';

--Series 1998-C class A affirmed at 'AAA';

--Series 1998-C class M-1 affirmed at 'A-';

--Series 1998-C class M-2 affirmed at 'BBB-';

--Series 1998-C class B-1 affirmed at 'B';

--Series 1998-C class B-2 affirmed at 'CCC';

--Series 1999-B classes A-1A & A-1B-A6 downgraded to 'A' from 'AA';

--Series 1999-B class M-1 downgraded to 'BB' from 'BBB';

--Series 1999-B class M-2 downgraded to 'CCC' from 'B';

--Series 1999-B class B-1 downgraded to 'C' from 'CCC';

--Series 1999-B class B-2 remains at 'D';

--Series 2000-A classes A1-A5 are downgraded to 'A' from 'AA';

--Series 2000-A class M-1 downgraded to 'BBB-' from 'A';

--Series 2000-A class M-2 downgraded to 'CCC' from 'B';

--Series 2000-A class B-1 downgraded to 'CC' from 'CCC';

--Series 2000-A class B-2 remains at 'D';

--Series 2001-A class A affirmed at 'AAA';

--Series 2001-A class M-1 affirmed at 'AA';

--Series 2001-A class M-2 downgraded to 'BBB+' from 'A';

--Series 2001-A class B-1 downgraded to 'BBB-' from 'BBB' and
removed from Rating Watch Negative;

--Series 2001-A class B-2 downgraded to 'B-' from 'BB' and removed
from Rating Watch Negative.

Although Bombardier exited the manufactured housing lending business in September 2001, it continues to service its manufactured housing loan portfolio. The departure form the lending business has had an adverse impact on already deteriorating performance. As a result of exiting the manufactured housing lending business the company is now heavily reliant upon wholesale liquidations of repossessed homes. Recovery rates on wholesale liquidations are generally substantially lower than retail liquidation recoveries.

Further information regarding current delinquency, loss, and credit enhancement statistics is available on the Fitch Ratings web site at 'www.fitchratings.com'.