Zenith Global SpA oversees portfolios comprised of asset-backed securities, commercial mortgage loans, and residential mortgage loans as a master servicer registered under article 106 of the Italian banking law. Established as an independent company in November 1999, Zenith has been part of Arrow Global Group PLC (Arrow) since 2017. We affirmed our overall STRONG rankings on Zenith Global SpA as a master servicer for residential and commercial mortgage loans and asset-backed securities. The ranking outlook is stable on all rankings. LONDON (S&P Global Ratings) Feb. 13, 2024--S&P Global Ratings today affirmed its STRONG overall rankings on Zenith Global SpA (Zenith) as a master servicer for residential and commercial mortgage loans and asset-backed securities in Italy. The ranking outlook is stable