Bluestone Servicing Prime And Subprime Residential Mortgage Loan Servicer Ranking Revised to Strong; Outlook Stable - S&P Global Ratings’ Credit Research

Bluestone Servicing Prime And Subprime Residential Mortgage Loan Servicer Ranking Revised to Strong; Outlook Stable

Bluestone Servicing Prime And Subprime Residential Mortgage Loan Servicer Ranking Revised to Strong; Outlook Stable - S&P Global Ratings’ Credit Research
Bluestone Servicing Prime And Subprime Residential Mortgage Loan Servicer Ranking Revised to Strong; Outlook Stable
Published Nov 19, 2019
3 pages (1174 words) — Published Nov 19, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (S&P Global Ratings) Nov. 20, 2019--S&P Global Ratings today revised its prime and subprime residential mortgage loan servicer rankings on Bluestone Servicing Pty Ltd. and Bluestone Servicing NZ Ltd. (collectively Bluestone Servicing) to STRONG from ABOVE AVERAGE. The outlook on the ranking is stable. A ranking is a statement of opinion and not a statement of fact. A ranking is not and should not be represented as a credit rating. The STRONG ranking reflects the companies' continued solid servicing quality and key servicer strengths, which include: An experienced management team and qualified servicing staff. Sound risk-management and compliance framework and resources. Strong information technology capability, with a fully integrated origination and servicing system. Comprehensive business continuity and disaster recovery

  
Brief Excerpt:

...MELBOURNE (S&P Global Ratings) Nov. 20, 2019--S&P Global Ratings today revised its prime and subprime residential mortgage loan servicer rankings on Bluestone Servicing Pty Ltd. and Bluestone Servicing NZ Ltd. (collectively Bluestone Servicing) to STRONG from ABOVE AVERAGE. The outlook on the ranking is stable. A ranking is a statement of opinion and not a statement of fact. A ranking is not and should not be represented as a credit rating. The STRONG ranking reflects the companies' continued solid servicing quality and key servicer strengths, which include: + An experienced management team and qualified servicing staff. + Sound risk-management and compliance framework and resources. + Strong information technology capability, with a fully integrated origination and servicing system. + Comprehensive business continuity and disaster recovery plans and testing program. + Well-documented policies and procedures, which are updated regularly. The stable outlook reflects our opinion that Bluestone...

  
Report Type:

Ratings Action

Issuer
Sector
Structured Finance
Country
Region
Pacific
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bluestone Servicing Prime And Subprime Residential Mortgage Loan Servicer Ranking Revised to Strong; Outlook Stable" Nov 19, 2019. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bluestone-Servicing-Prime-And-Subprime-Residential-Mortgage-Loan-Servicer-Ranking-Revised-to-Strong-Outlook-Stable-2342875>
  
APA:
S&P Global Ratings’ Credit Research. (). Bluestone Servicing Prime And Subprime Residential Mortgage Loan Servicer Ranking Revised to Strong; Outlook Stable Nov 19, 2019. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bluestone-Servicing-Prime-And-Subprime-Residential-Mortgage-Loan-Servicer-Ranking-Revised-to-Strong-Outlook-Stable-2342875>
  
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