IFIS NPL Servicing S.p.A. ABOVE AVERAGE Special Servicing Rankings Affirmed - S&P Global Ratings’ Credit Research

IFIS NPL Servicing S.p.A. ABOVE AVERAGE Special Servicing Rankings Affirmed

IFIS NPL Servicing S.p.A. ABOVE AVERAGE Special Servicing Rankings Affirmed - S&P Global Ratings’ Credit Research
IFIS NPL Servicing S.p.A. ABOVE AVERAGE Special Servicing Rankings Affirmed
Published Nov 23, 2022
3 pages (1613 words) — Published Nov 23, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We affirmed our overall ABOVE AVERAGE rankings on IFIS NPL Servicing S.p.A. as a special servicer of residential mortgage loans, commercial mortgage loans, and consumer finance loans and credits in Italy. IFIS NPL Servicing is a subsidiary of Banca IFIS S.p.A. (the bank), which manages NPL loans and credits on behalf of the bank and third-party clients. The ranking outlooks are stable. MILAN (S&P Global Ratings) Nov. 23, 2022--S&P Global Ratings today affirmed its overall ABOVE AVERAGE rankings on IFIS NPL Servicing S.p.A. (IFIS NPL Servicing) as a special servicer of residential mortgage loans, commercial mortgage loans, and consumer finance loans and credits in Italy. Our ranking outlook on each ranking is stable. In 2019, the bank acquired FBS S.p.A.

  
Brief Excerpt:

...- We affirmed our overall ABOVE AVERAGE rankings on IFIS NPL Servicing S.p.A. as a special servicer of residential mortgage loans, commercial mortgage loans, and consumer finance loans and credits in Italy. - IFIS NPL Servicing is a subsidiary of Banca IFIS S.p.A. (the bank), which manages NPL loans and credits on behalf of the bank and third-party clients. - The ranking outlooks are stable. MILAN (S&P Global Ratings) Nov. 23, 2022--S&P Global Ratings today affirmed its overall ABOVE AVERAGE rankings on IFIS NPL Servicing S.p.A. (IFIS NPL Servicing) as a special servicer of residential mortgage loans, commercial mortgage loans, and consumer finance loans and credits in Italy. Our ranking outlook on each ranking is stable. In 2019, the bank acquired FBS S.p.A. (FBS), a servicer specialized in managing primarily secured NPL loans on behalf of third parties. In 2021, the bank reorganized its group and merged FBS with the captive NPL servicing platform (managing primarily proprietary unsecured...

  
Report Type:

Ratings Action

Issuer
IFIS NPL Servicing S.p.A.
Sector
Structured Finance
Country
Italy
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "IFIS NPL Servicing S.p.A. ABOVE AVERAGE Special Servicing Rankings Affirmed" Nov 23, 2022. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/IFIS-NPL-Servicing-S-p-A-ABOVE-AVERAGE-Special-Servicing-Rankings-Affirmed-2921159>
  
APA:
S&P Global Ratings’ Credit Research. (). IFIS NPL Servicing S.p.A. ABOVE AVERAGE Special Servicing Rankings Affirmed Nov 23, 2022. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/IFIS-NPL-Servicing-S-p-A-ABOVE-AVERAGE-Special-Servicing-Rankings-Affirmed-2921159>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.