Fitch Ratings has raised the residential primary servicer rating of CitiMortgage Inc., St. Louis, from RPS1-minus to RPS1 for prime loans.The upgrade was based on CitiMortgage's "experienced management team, solid collateral performance, state-of-the-art risk management tools, comprehensive training programs, and the financial strength of its parent Citigroup, which is rated AA-plus by Fitch," the rating agency said. Fitch rates residential servicers on a scale of 1 to 5, with 1 being the highest rating. The rating agency can be found online at http://www.fitchratings.com.
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