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Archon Group Italia/Societ? Gestione Crediti Assigned ABOVE AVERAGE Italian Servicer Rankings
Standard & Poors, July 2003
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) July 17, 2003--Standard & Poor's Ratings Services today assigned its ABOVE AVERAGE Commercial and Residential Mortgage Special Servicer rankings to Archon Group Italia/Societ- Gestione Crediti (AGI), a 100%-owned owned subsidiary of The Goldman Sachs Group Inc., for the Italian market. The assigned rankings reflect AGI's high degree of senior management depth and a professional staff that demonstrates substantial knowledge of the Italian real estate market and debt recovery process. The company maintains documented procedures for all core functions and has a well-designed technology environment that provides the necessary levels of process automation. AGI displays thorough internal control mechanisms, including an excellent internal audit program that its parent conducts for all Archon Group entities. AGI's organizational...
Companies mentioned in this report are: Archon Group Italia S.r.l./Societ? Gestione Crediti,Goldman Sachs Group Inc. (The)
Action: New Rating
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