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Barclays Capital Mortgage Servicing Affirmed As Above Average As Commercial Loan Servicer Nov 08
Standard & Poors, Nov 2008
Abstract
LONDON (Standard & Poor's) Nov. 3, 2008-Standard & Poor's Ratings Services said today that it has affirmed its 'ABOVE AVERAGE' ranking on Barclays Capital Mortgage Servicing Ltd. (BCMS) for BCMS's U.K. operations. This ranking affirmation for BCMS, a unit of Barclays Capital and a wholly owned subsidiary of Barclays Bank PLC (AA/Watch Neg/A-1+) is based on the following: - The depth of knowledge of the highly experienced management team; - The strength of its parent (Barclays Bank) facilitating a substantial growth in the portfolio in the past year; - Robust and resilient IT infrastructure and business recovery plan; - Knowledgeable and experienced servicing staff; and - Successful management of the expansion from 15 to 30 staff, and its ability to...
Companies mentioned in this report are: Barclays Capital Mortgage Servicing Ltd.,Barclays Bank PLC
Action: Affirmed
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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