OREANDA-NEWS. S&P Global Ratings today lowered its rating on the class M-2 certificates from Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates Series 2002-2, an asset-backed securities transaction backed by fixed-rate manufactured housing loans, to 'D (sf)' from 'CC (sf).'

The downgrade reflects that this transaction did not make its full interest payment on class M-2 on the May 2, 2016, remittance date and each remittance date since.


The downgrade reflects that this transaction did not make its full interest payment on class M-2 on the May 2, 2016, remittance date and each remittanceThe downgrade reflects that this transaction did not make its full interest payment on class M-2 on the May 2, 2016, remittance date and each remittance date since. date since.The downgrade reflects that this transaction did not make its full interest payment on class M-2 on the May 2, 2016, remittance date and each remittance date since.