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.
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Research Type: Full Analysis