Fitch Ratings has assigned an "Acceptable" construction loan servicer rating to Wachovia Securities, Charlotte, N.C.Construction loan servicing at Wachovia is handled by the construction loan administration and construction management groups. "The rating considers Wachovia's extensive history of construction loan administration and servicing, its experienced and tenured management and staff, and the strong financial resources provided by its parent, Wachovia Corp.," the rating agency said. Fitch rates construction loan servicers "Acceptable" or "Unacceptable." It can be found online at http://www.fitchratings.com.
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