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Servicer Evaluation: Target Servicing Ltd. Nov 11 Product Image

Servicer Evaluation: Target Servicing Ltd. Nov 11

  • ID: 2027258
  • November 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services' overall ranking on Target Servicing Ltd. is ABOVE AVERAGE as a primary servicer of residential mortgages in the U.K., and ABOVE AVERAGE as a primary servicer of consumer finance loans in the U.K. The rankings reflect our view of the following: There is a healthy new business pipeline, which Target Servicing expects will generate additional business across a number of business segments. Since we last reported, Target Servicing has boarded four new loan portfolios and is now servicing them. Three additional portfolios are being built through client originations, including one residential and one consumer finance portfolio. A contract has been signed to board a portfolio of residential loans in excess of -1 billion in 2012....

Companies mentioned in this report are: Target Servicing Ltd.
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

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