(Finance) – Fitch Ratings confirmed AMCO’s ratingsa company owned by the Ministry of Economy and Finance and a leading operator in the management of impaired loans relating to commercial, residential and asset-backed special servicer to “CSS2”, “RSS2”, “ABSS2”, with stable outlook.
According to Fitch, the ratings reflect the strong capabilities demonstrated by AMCO in servicing, a stable operational track record it’s a targeted growth strategyunderpinned by future investments in personnel and technology to support portfolio growth, reads a note.
In addition, the rating agency has positively rated the creation of the Division dedicated Special Partnerships & Servicers (SP&S) as well as the development of a new interactive platform that guarantees data consistency and improves quality controls and reporting.