May 16, 2023
Fitch has assigned residential and asset-backed special servicer ratings of 'RSS2' and 'ABSS2' to Servdebt. The rating assignment follows a full operational risk review of Servdebt's process and controls, which are deemed to be of high performance, as defined in Fitch's criteria.
The ratings are based on Servdebt's experienced management and robust servicing technology, competent corporate governance framework and employee performance management, and established processes for managing and liquidating non-performing loans and real estate owned assets, Fitch says.
Thank you to all the team involved in this project.
We keep growing and focused on the future.
You can read the rating action commentary from Fitch Ratings here.