A Recognized leadership
For many years, the Group has boasted the highest Servicer Rating of the Italian market assigned by S&P and Fitch Ratings.
Updated on August 2019Servicer Rating: Agencies Servicer Evaluations assessments provide a consistent and objective analysis of Servicer's performance. Each Rating Agency offers a general rating that evaluates the capabilities and skills of a Servicer. The ranking is based on Servicer's management, organization, and administrative processes.
As Special servicer in the field of residential and commercial loans transactions (R/CMBS - Residential/Commercial Backed Securities).
| AGENCY | RATING | DATE |
|---|---|---|
| Standard and Poor's | STRONG | 02-aug-19 |
| STRONG | 23-dec-16 | |
| STRONG | 27-nov-15 | |
| STRONG | 12-dec-14 | |
| STRONG | 01-jul-13 | |
| STRONG | 23-jul-12 | |
| STRONG | 20-apr-11 | |
| STRONG | 08-apr-10 | |
| STRONG | 21-jan-09 | |
| STRONG | 28-jun-07 | |
| STRONG | 23-sep-06 |
| AGENCY | RATING | DATE |
|---|---|---|
| Fitch Ratings | RSS1- e CSS1- | sept-20 |
| RSS1- e CSS1- | 07-mar-19 | |
| RSS1- e CSS1- | 27-jun-16 | |
| RSS1- e CSS1- | 28-jan-15 | |
| RSS1- e CSS1- | 04-jul-13 | |
| RSS1- e CSS1- | 19-jul-12 | |
| RSS1- e CSS1- | 16-jun-11 | |
| RSS1- e CSS1- | 22-dec-09 | |
| RSS1- e CSS1- | 16-dec-08 | |
| RSS2+IT and CSS2+IT | 14-oct-07 | |
| R/CSS2+ | 31-jul-06 |
As Special Servicer in the field of Consumer Finance (ABS- Asset Backed Securities) (ABS- Asset Backed Securities).
| AGENCY | RATING | DATE |
|---|---|---|
| Standard and Poor's | STRONG | 02-aug-19 |
| STRONG | 23-dec-16 | |
| STRONG | 27-nov-15 | |
| STRONG | 12-dec-14 | |
| STRONG | 01-jul-13 | |
| STRONG | 23-jul-12 | |
| STRONG | 20-apr-11 | |
| STRONG | 08-apr-10 | |
| ABOVE AVARAGE | 21-jan-09 | |
| ABOVE AVARAGE | 28-jun-07 | |
| ABOVE AVARAGE | 21-sep-06 |
As Master Servicer per attività Residential, Commercial, Asset-backend - confirmed and simultaneously withdrawn for interrupted services
| AGENCY | RATING | DATE |
|---|---|---|
|
Fitch Ratings
|
RMS2/CMS2/ABMS2
|
01-aug-17
|
As Primary Servicer
| AGENCY | RATING | DATE |
|---|---|---|
|
Fitch Ratings
|
RPS2+ - CPS2+
|
sept-20
|
| Standard and Poor's | STRONG | 02-aug-19 |
As Master Servicer for Residential, Commercial, Asset-backend
| AGENCY | RATING | DATE |
|---|---|---|
|
Fitch Ratings
|
RMBS2+/CMBS2+/ABMS2+ | sept-20 |
|
RMBS2+/CMBS2+/ABMS2+
|
mar-19
|
|
| RMBS2/CMBS2/ABMS2 | aug-17 |
Italfondiario Primary Servicer - confirmed and simultaneously withdrawn for interrupted services
| AGENCY | RATING | DATE |
|---|---|---|
|
Fitch Ratings
|
RSS1- CSS1-
|
07-mar-19
|
| Standard and Poor's | STRONG | 02-aug-19 |
Italfondiario Special Servicer Rating - confirmed and simultaneously withdrawn for interrupted services
| AGENCY | RATING | DATE |
|---|---|---|
| Standard and Poor's | STRONG | 2019 |
| STRONG | 2017 | |
| STRONG | 2016 | |
| STRONG | 2015 | |
| STRONG | 2014 | |
| STRONG | 2013 | |
| STRONG | 2012 | |
| STRONG | 2011 | |
| STRONG | 2010 |
| AGENCY | RATING | DATE |
|---|---|---|
| Fitch Ratings | RSS1- e CSS1- | 2019 |
| RSS1- e CSS1- | 2016 | |
| RSS1- e CSS1- | 2015 | |
| RSS1- e CSS1- | 2014 | |
| RSS1- e CSS1- | 2013 | |
| RSS1- e CSS1- | 2012 | |
| RSS1- e CSS1- | 2011 | |
| RSS1- e CSS1- | 2010 |
Legenda
| STANDARD AND POOR'S | |
|---|---|
| STRONG (forte) |
The Servicer displays extremely high levels of ability, efficiency and skill in managing large, extremely complex portfolios, strong, stable management proven over time, advanced information technology, excellent internal controls, procedures and policies. |
| ABOVE AVARAGE (sopra la media) |
The Servicer displays high levels of ability, efficiency and skill in managing medium to large portfolios, solid management experience, historic performance acceptable, internal controls, procedures and policies in line with market and regulatory standards, portfolio performance in line with market sector averages. |
| AVARAGE (in media) |
The Servicer displays an acceptable level of performance, has internal controls in place and policies in line with market and regulatory standards; portfolio performance is in line with market sector averages. |
| BELOW AVARAGE (sotto la media) |
The Servicer displays very low levels of ability, efficiency and skill, as well as below average internal controls and IT systems. Historic performance is not positive. |
| WEAK (debole) |
This ratings is issued to Servicer whose levels of ability, skill & efficiency are really low; performance is not positive, recurring losses and inadequate internal controls. |
| FITCH RATINGS | |
|---|---|
| [C/R]SS1 [C/S]SS1- (minus) |
Level 1 Full approval with high overall performance complessive |
| [C/R]SS2+ (plus) [C/R]SS2 [C/S]SS2- (minus) |
Level 2 Full approval with strengths |
| [C/R]SS3+ (plus) [C/R]SS3 [C/S]SS3- (minus) |
Level 3 Full approval |
| [C/R]SS4 | Level 4 Qualified approval |
| [C/R]SS5 | Level 5 Unacceptable |
| FITCH RATINGS MASTER SERVICER | |
|---|---|
| [C/R]MS1 | Livello 1 Servicer con elevatissime performance nella capacità complessiva di gestione del Servicing |
| [C/R]MS2 | Livello 2 Servicer con alte performance nella capacità complessiva di gestione del Servicing |
| [C/R]MS3 | Livello 3 Servicer con competenze nella capacità complessiva di gestione del Servicing |
| [C/R]MS4 | Livello 4 Servicer che mancano di competenze a causa di una debolezza in una o più aree di gestione del Servicing |
