Litton Servicer Ranking Upgraded

Standard & Poor's Ratings Services has raised its residential alternative mortgage servicer ranking for Litton Loan Servicing LP from Above Average to Strong and affirmed its Strong rankings for Litton as a residential mortgage servicer, subprime servicer, and special servicer.The rankings reflect the company's "seasoned management and staff, superior technology platform, comprehensive policies and procedures, and established track record of resolving distressed assets for a wide variety of investors," S&P said. The rating agency also cited Litton's "substantial" investment in its infrastructure to improve all areas of the operation. "Enhancements to the automation environment, especially in regard to default analytic tools and reporting, have reduced manually repetitive tasks, improved employee productivity, and enhanced performance," S&P said. Litton is a subsidiary of C-BASS LLC. The rating agency can be found online at http://www.standardandpoors.com.