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Servicer Rating

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 2019
 
Servicer 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As Master Servicer per attività Residential, Commercial, Asset-backend - confirmed and simultaneously withdrawn for interrupted services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Italfondiario Primary Servicer - confirmed and simultaneously withdrawn for interrupted services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Italfondiario Special Servicer Rating - confirmed and simultaneously withdrawn for interrupted services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