...March 4, 2020 OVERVIEW - We affirmed our overall ABOVE AVERAGE and AVERAGE rankings on Selene Finance LP as a residential special servicer and primary servicer, respectively. - As part of the ranking action, we adjusted the outlook to negative from stable for the special servicer ranking. - The portfolio of special serviced and primary accounts amount to more than 80,000 loans representing an almost $14 billion unpaid principal balance. - Selene Finance LP's largest servicing site is in Jacksonville, Fla., with other locations in Houston and Horsham, Penn. NEW YORK (S&P Global Ratings) March 4, 2020--S&P Global Ratings today affirmed its ABOVE AVERAGE residential special servicer and AVERAGE primary (prime) servicer ranking on Selene Finance LP (Selene). The outlook is negative as a special servicer and stable as a prime servicer. We lowered the outlook to negative from stable for the special servicer ranking due to prior ownership's suspension of the company's internal audit (IA) program...
