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AVERAGE Ranking Assigned To Credit Network & Finance As Italian Special Servicer For Insurance Debt Oct 11
Standard & Poors, Oct 2011
Abstract
OVERVIEW We have assigned an overall AVERAGE ranking to CNF as a special servicer for insurance debt in Italy. The outlook is stable. LONDON (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services' servicer evaluation team has assigned an AVERAGE overall servicer ranking to Credit Network & Finance S.r.l. (CNF). The outlook is stable. We have assigned an AVERAGE subranking for management and organization. We have assigned an ABOVE AVERAGE subranking for credit administration. We consider CNF's financial position to be sufficient to sustain its servicing operations for the next 12-18 months. This opinion is a complementary element to our servicer assessment. It can be either sufficient or insufficient and it does not take the place of a senior...
Companies mentioned in this report are: Credit Network & Finance S.r.l.
Action: New Rating
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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