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Bank of America Commercial Servicer Rankings Affirmed; Primary Servicing Outlook Positive May 06
Standard & Poors, May 2006
Abstract
NEW YORK (Standard & Poor's) May 9, 2006--Standard & Poor's Ratings Services affirmed its ABOVE AVERAGE rankings for the Primary and Master Commercial Loan Servicing operations at Bank of America Corp. N.A.'s CMBS Capital Markets Servicing Group (CMSG). At the same time, the AVERAGE ranking for Special Servicing is affirmed. CMSG has held these rankings since 2002. Additionally, the outlook for primary servicing is revised to positive from stable. The outlooks for master and special servicing are stable. CMSG continues to display notable growth in servicing volume (33% increase from December 2004 to December 2005), with increases derived from both primary and subserviced loans. Overall staffing levels have been maintained since 2004 through enhanced automation and outsourcing, resulting in improving...
Companies mentioned in this report are: Bank of America N.A.,Bank of America Corp.
Action: Affirmed
Action: Outlook: Positive
Action: Outlook: Stable
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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