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NovaStar Also Upgraded.(NovaStar Mortgage)(Brief Article)
Standard & Poor's Ratings Services has raised its ranking on NovaStar Mortgage, a wholly owned subsidiary of NovaStar Financial, to "strong" from "above average" as a residential mortgage subprime servicer.
At the same time, S&P affirmed NovaStar's "average" rating as a special servicer. Since the company currently has no special servicing relationships in place, it cannot achieve a rating higher than "average," S&P said.
S&P said the rankings reflect the company's seasoned management ...
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Source: HighBeam Research, NovaStar Also Upgraded.(NovaStar Mortgage)(Brief Article)