FITCH ASSIGNS A SPECIAL SERVICER RATING (S2) TO CREDITO FONDIARIO, AND UPGRADES ITS RATING AS MASTER AND PRIMARY SERVICER (S2)

Fitch communicates that it has upgraded Credito Fondiario’s rating as Master and Primary Servicer of residential and commercial mortgages and as ABS Servicer to S2.

Fitch also assigns to Credito Fondiario a new Special Servicer rating, always at S2.

The analysis has praised the clear corporate strategy, confirmed by the positive results obtained to-date in terms of operational development.

Furthermore, the assessment deems the bank’s future development plan as feasible and credible, supported by, amongst other factors, new mandates in the pipeline, experience in managing a variety of product types and portfolios from a variety of clients, and significant and continuous investments made in technology.