Fitch Affirms Trimont's Commercial Real Estate Servicer Ratings

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings affirms the commercial real estate servicer ratings for Trimont Real Estate Advisors, Inc. (Trimont), as follows:

--Commercial primary servicer at 'CPS2+';

--Commercial special servicer at 'CSS2'.

The primary servicer rating reflects an assessment of the company's efficient primary servicing operations as well as established policies and procedures for loan servicing with internal controls to meet the requirements of its diverse client base. The special servicer rating reflects Trimont's workout experience with more than 2,800 commercial real estate loan resolutions since its inception.

Both ratings reflect the tenure and experience of the company's management and staff; however, Trimont continues to experience higher turnover compared to other Fitch rated servicers. The company continues to exhibit a commitment to its technology platform, and diversify its client base. The senior management team has commenced an executive search for a new CEO who is expected to be named in mid-2015.

Trimont is exclusively a third-party commercial real estate company. It provides a range of services to real estate lenders and investors on both debt and equity investments, including primary and special servicing.

The servicer rating is based on the methodology described in Fitch's reports 'Rating Criteria for U.S. Commercial Mortgage Servicers,' dated Feb. 14, 2014, and 'Rating Criteria for Structured Finance Servicers' dated Jan. 30, 2014, available on Fitch's web site www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Rating Criteria for U.S. Commercial Mortgage Servicers' (Feb. 14, 2014);

--'Rating Criteria for Structured Finance Servicers' (Jan. 30, 2014).

Applicable Criteria and Related Research:

Rating Criteria for U.S. Commercial Mortgage Servicers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=735382

Rating Criteria for Structured Finance Servicers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=731750

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=982919

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Fitch Ratings
Primary Analyst
Howard Miller, +1-212-908-0737
Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
James Bauer, +1-212-908-0343
Director
or
Committee Chairperson
Chris Bushart, +1-212-908-0606
Senior Director
or
Media Relations
Sandro Scenga, New York, +1-212-908-0278
[email protected]

Source: Fitch Ratings

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