Special Servicer for NPLs: CRIBIS Credit Management obtains the RSS2, CSS2 and ABSS2 Fitch Ratings

CRIBIS Credit Management - the CRIF Group company specializing in the outsourced management of collection and NPL management processes - has obtained the Fitch Rating for Special Servicer activities in relation to NPL management, following the conclusion of the assessment process initiated in the second quarter of last year.

The results of the rating were published by Fitch Ratings on January 30 on the agency website: https://www.fitchratings.com/site/pr/10059247.

This important recognition was achieved by CRIBIS Credit Management in three different areas of activity:

• residential mortgage-backed securities (RSS - Residential Special Servicer);
• commercial mortgage-backed securities (CSS - Commercial Special Servicer);
• secured or unsecured securitized assets (ABSS - Asset-Backed Special Servicer).

Specifically, on a scale from 1 (highest) to 5 (lowest), Fitch Ratings assigned CRIBIS Credit Management Level 2 for “Servicers Demonstrating High Performance in Overall Servicing Ability”.

The rating agency performed an assessment of the company’s financial conditions, and measured the ability of CRIBIS Credit Management to withstand adverse market conditions and manage the constant increase in overall volumes of assets under management (AUM).
Fitch Ratings also analyzed and positively assessed the CRIBIS Credit Management loan management process, the integration of management systems and control processes, the “people first” continuous training program, and collection performance.

For more information, contact: marketingservicing@crif.com