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SPS's SQ Ratings Affirmed by Moody's.(Select Portfolio Servicing )(Brief article)
NEW YORK -- Moody's has affirmed the primary and special servicer ratings of Select Portfolio Servicing at a rating of "SQ2-."
Moody's said the servicer quality ratings reflect average collection abilities, above-average loss mitigation results, above-average timeline management and above-average servicing stability.
SPS, formerly known as Fairbanks Capital, is now owned by Credit Suisse (USA). The company provides servicing for third parties as well as for collateral underwritten by Credit Suisse.
Moody's said that SPS has continued to improve its processes since its ...
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