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S&P Credit Research4191 word report
published Nov 15, 2007
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services has assigned an "AVERAGE" ranking to Wachovia Bank International (Ireland) (WBI (Ireland)) as a commercial loan servicer in Germany. The ranking on WBI (Ireland), a wholly owned subsidiary of Wachovia Bank, N.A., reflects: Solid management and professional depth in Europe; The extensive servicing experience of Wachovia Bank, N.A., its U.S. parent; and Its technology and commitment to rigorous internal controls. As of September 2007, WBI (Ireland) provided primary servicing on a balance-sheet portfolio of 54 loans, representing 305 properties and €1.82 billion in unpaid principal balance (UPB). It does not currently provide primary servicing for any European CMBS transactions and securitized loans. This ranking reflects WBI (Ireland)'s limited track record in Germany rather than the
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| Brief Excerpt: | RESEARCH Ratings Definitions Servicer Evaluation: Wachovia Bank International (Ireland) Publication date: 15-Nov-2007 Primary Credit Analysts: Marie-Noelle Brisson, Paris (33) 1-4420-6715; marie-noelle_brisson@standardandpoors.com...
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| Report Type: | Full Report
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| Issuer: | Wachovia Bank International (Ireland)
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| Sector: | Servicer Evaluations, Structured Finance
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| Country: | Ireland
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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