This report does not constitute a rating action. Ranking overview Servicing category Jurisdiction Overall ranking Management and organization subranking Loan administration subranking Ranking outlook Special servicer of residential mortgage loans Italy ABOVE AVERAGE ABOVE AVERAGE ABOVE AVERAGE Stable Special servicer of commercial mortgage loans Italy ABOVE AVERAGE ABOVE AVERAGE ABOVE AVERAGE Stable Special servicer of consumer finance loans and credits Italy ABOVE AVERAGE ABOVE AVERAGE ABOVE AVERAGE Stable Financial position SUFFICIENT S&P Global Ratings’ overall rankings on IFIS NPL Servicing SpA (IFIS NPL Servicing) are ABOVE AVERAGE as a special servicer of residential mortgage loans, commercial mortgage loans, and consumer finance loans and credits in Italy. On Oct. 21, 2026, we affirmed the rankings (see “ IFIS NPL Servicing SpA