Price sensitive
Milan 22 October 2012 - Prelios Credit Servicing, the Company within the Prelios Group specialised in the management of non-performing loans, has received confirmation of the rating agency Standard & Poor's “above average” ranking and of its “stable” outlook upgrade, as a special servicer of residential and commercial loans.
Standard & Poor's ranking reflects its appreciation for the optimization of the Company's operational structure over the last year and its effective business reorganization, as well as its investments in training and in the enhancement of its IT system.
The report highlights that this increased competitiveness has accelerated the Company's business, leading to the acquisition of four new servicing contracts for third parties divided into special and master servicing activities, for portfolios whose total value is over €1.2 billion(+12% yoy). Lastly, the rating agency underlines that these activities have allowed Prelios Credit Servicing to return to a substantially break-even operating result point in the half-yearly financial report of 30 June 2012.
Standard & Poor's ranking reflects its appreciation for the optimization of the Company's operational structure over the last year and its effective business reorganization, as well as its investments in training and in the enhancement of its IT system.
The report highlights that this increased competitiveness has accelerated the Company's business, leading to the acquisition of four new servicing contracts for third parties divided into special and master servicing activities, for portfolios whose total value is over €1.2 billion(+12% yoy). Lastly, the rating agency underlines that these activities have allowed Prelios Credit Servicing to return to a substantially break-even operating result point in the half-yearly financial report of 30 June 2012.