Fitch Affirms iStar's Ratings
Fitch Ratings has affirmed to primary and master commercial mortgage servicer ratings of iStar Asset Services.
The company's primary servicer rating was affirmed at "CPS2" while the master servicer rating was affirmed at "CMS2-minus."
Fitch said iStar has "demonstrated strength in the servicing of large loans and loans with complex structures."
As of Sept. 30, iStar's servicing portfolio consisted of 220 loans totaling $4.9 billion, of which $1.6 billion were securitized loans.
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