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ABOVE AVERAGE Servicer Rankings Affirmed, Assigned For Patrimonio S.A. de C.V. Jun 07 Product Image

ABOVE AVERAGE Servicer Rankings Affirmed, Assigned For Patrimonio S.A. de C.V. Jun 07

  • ID: 2034395
  • June 2007
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) June 29, 2007--Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE ranking on Patrimonio S.A. de C.V. (Patrimonio), a mortgage nonbank bank, as a residential loan servicer for the Mexican mortgage market. At the same time, we assigned a public ranking of ABOVE AVERAGE to the company as a construction loan servicer in the Mexican market. The outlook for the rankings is stable. The rankings are principally based on the following: -- A management team and professional staff with a high degree of industry knowledge; -- Effective organizational structure that properly segregates duties and produces optimal efficiency; -- Detailed, comprehensive, and easy to understand policies and procedures; -- Very good processes that cover collection...

Companies mentioned in this report are: Patrimonio, S.A. de C.V. S.F.O.L
Action: Affirmed
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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