OVERVIEW We have affirmed our overall STRONG rankings on Securitisation Services as a master servicer of asset finance, residential mortgages, and commercial mortgages in Italy. The outlook is stable on all three rankings. Securitisation Services is a subsidiary of Banca Finint. It acts in several structured finance transactions in different counterparty roles, including master servicer of securitized portfolios backed by asset finance, residential, and commercial mortgages in Italy, with a focus on NPL transactions. LONDON (S&P Global Ratings) July 19, 2016--S&P Global Ratings has affirmed its STRONG rankings on Securitisation Services SpA (SecServ) as a master servicer of asset finance, residential mortgages, and commercial mortgages in Italy. The outlook is stable on all three rankings. SecServ is an Italian company