Fitch Ratings has assigned Houston-based Litton Loan Servicing LP primary and special servicer ratings for small-balance commercial products.The primary servicer rating is SBPS2, and the special servicer rating is SBSS2. Fitch said the ratings reflect Litton's "experienced management team, strong servicing platform, and effective risk management practices." The special servicer rating is based on the company's ability to use "robust default management and technology expertise" in liquidating nonperforming assets. Fitch rates commercial servicers on a scale of 1 to 5, with 1 being the highest rating. Litton is a subsidiary of Credit-Based Asset Servicing and Securitization LLC, which can be found online at http://www.c-bass.com.
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