S&P UPGRADES CREDITO FONDIARIO’s RATING AS PRIMARY SERVICER TO “ABOVE AVERAGE”

S&P communicates that it has raised the rating of Credito Fondiario as Primary Servicer of residential and commercial mortgages in Italy to ABOVE AVERAGE. S&P also assigned a new rating to Credito Fondiario as Master Servicer of residential and commercial mortgages, with AVERAGE and POSITIVE OUTLOOK.



S&P highlights amongst the elements supporting the upgrade the ability of the bank to successfully implement its turnaround and position itself in its market, successfully attracting new business.
S&P also makes reference to the bank’s leadership, capacity to select and attract talent, an updated IT and operational platform.