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Banksia Mortgages Ltd. ABOVE AVERAGE Commercial Loan Servicer Ranking Affirmed; Outlook Remains Stable
Standard & Poors, May 2011
Abstract
OVERVIEW We have affirmed our ABOVE AVERAGE ranking on Banksia Mortgages Ltd. (Banksia). The outlook on the overall ranking is stable. The ranking reflects our opinion of Banksia's above-average servicing characteristics and stability of operations. SYDNEY (Standard & Poor's) May 11, 2011-Standard & Poor's Ratings Services today affirmed the ABOVE AVERAGE commercial loan servicer ranking on Australia-based Banksia Mortgages Ltd. (Banksia). The outlook remains stable, and Banksia remains on Standard & Poor's global select servicer list. The affirmation is based on our opinion of the company's stable, industry-experienced management team; low annual staff turnover; use of technology to support risk management and quality assurance processes; and comprehensive loan-servicing standards. The stable outlook on the overall servicer ranking reflects our expectation...
Companies mentioned in this report are: Banksia Mortgages Ltd.
Action: Servicer Ranking
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.
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