As a result of the announcement made by Conseco Inc., the parent of Conseco Finance Corp. (formerly Green Tree Financial Corp.), that it is looking to sell its business, several classes of Green Tree certificates have been placed on CreditWatch by Standard & Poor's Ratings Service and on RatingAlert Evolving by Fitch IBCA.

"The reason was that these securities were tied to Conseco Finance ratings and they got placed on CreditWatch the week before," explained Jimmy Lam, a research assistant at S&P.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.