Standard&Poor's Ratings Services has affirmed its 'ABOVE AVERAGE' overall ranking on AMAL Asset Management Ltd. (AMAL) as a commercial loan servicer in Australia. At the same time, the sub-ranking for AMAL's Management and Organization has been raised to 'STRONG' from 'ABOVE AVERAGE'. A competent servicer of commercial loan, residential, and consumer receivables portfolios in Australia and New Zealand, AMAL has more than A$7.5 billion funds under administration as at October 2009. The affirmation of the overall ranking and the raising of the sub-ranking are based on the company's following key strengths: A highly qualified and skilled workforce, including an experienced and qualified senior management team; Strengthened risk management and compliance practices, underpinned by an risk management tool that
