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Bank of America Commercial Primary, Master Servicer Rankings Raised To STRONG Sep 07
Standard & Poors, Sep 2007
Abstract
NEW YORK (Standard & Poor's) Sept. 18, 2007--Standard & Poor's Ratings Services today raised its commercial primary and commercial master servicer rankings on Bank of America Corp.'s CMBS Capital Markets Servicing Group (CMSG) to STRONG from ABOVE AVERAGE. At the same time, we affirmed our ranking for special servicing at AVERAGE. The raised rankings for primary and master servicing reflect the strength and depth of CMSG's management team, along with the company's technological enhancements, sound internal controls, and thorough internal audit practices, which include Regulation AB testing. CMSG's policies and procedures are diligent and comprehensive across the company's entire operation. The rankings further reflect the company's integrated and highly automated transaction processing and third-party reporting, as well as its CMBS...
Companies mentioned in this report are: Bank of America Corp.
Action: Affirmed
Action: Servicer Ranking
Action: Upgraded
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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