Fitch rates Solutus ‘CPS3’
Fitch Ratings has assigned Solutus a UK Commercial Primary Servicer Rating of ‘CPS3’.
The servicer rating reflects Fitch’s assessment of Solutus’ ability to service commercial loans, its experienced management team, and support of its indirect parent company Acepark Limited who provide access and resources to a network of property, accounting and investment professionals.
Hamish Swan, Director and Head of Primary Servicing comments: “Given this is the first rating assessment that Fitch has undertaken and that Solutus is a relatively young platform, CPS3 is a great result providing us with a solid basis to improve upon as we continue to grow the volume of loans we have under management.”
The Fitch ratings scale classifies level 3 servicer ratings as ‘servicers demonstrating proficiency in overall servicing ability.’
Hamish concludes: “This positive news puts us in a strong position in the market as we continue to grow the business.”