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Servicer Ranking On Immofori Removed From CreditWatch Negative After Review Of Financial Opinion Following Sale Apr 10 Product Image

Servicer Ranking On Immofori Removed From CreditWatch Negative After Review Of Financial Opinion Following Sale Apr 10

  • ID: 2025575
  • April 2010
  • Standard & Poors

Abstract
OVERVIEW We have removed our servicer ranking on Immofori from CreditWatch negative. This action follows our review of Immofori's financial position after the sale of the share capital from DG Hyp to a consortium of investors. Immofori is a Germany-based residential and commercial special loan servicer. LONDON (Standard & Poor's) April 28, 2010--Standard & Poor's Ratings Services today removed the CreditWatch negative placement from its ABOVE AVERAGE residential and commercial special servicer rankings on Immofori GmbH. The outlook is stable. This action follows our review of Immofori's financial position after the sale by Deutsche Genossenschafts-Hypothekenbank AG (DG Hyp) of the share capital to a newly formed company owned by a consortium of investors. Immofori was previously a subsidiary of DG...

Companies mentioned in this report are:
- Immofori AG
- Deutsche Genossenschafts-Hypothekenbank AG

Action: Removed From CreditWatch
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.

- Immofori AG
- Deutsche Genossenschafts-Hypothekenbank AG

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