Servicer Evaluation: Bank of America Corp. Oct 07
Standard & Poors, October 2007
Abstract
Standard & Poor's Ratings Services has raised its commercial primary and master servicer rankings on Bank of America Corp.'s CMBS Capital Markets Servicing Group (CMSG) to STRONG from ABOVE AVERAGE. Additionally, the ranking for special servicing was affirmed 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 portfolio management expertise. The rankings also consider CMSG's strengthened organizational structure...
Companies mentioned in this report are: Bank of America Corp.
Action: Raised
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: Full Analysis
Bank of America Corp.
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