Target Group, the financial services outsourcing and software provider, is pleased to announce that Standard & Poor's (S&P) has awarded the group a Special Servicer Rating at its first attempt. In addition, it has also confirmed that Target has maintained its "Above Average" rating for primary servicing.
Target received a Special Servicer rating of "Average" for its expertise in servicing loans for customers experiencing financial difficulty. The overall ranking reflects Standard and Poor's view of Target as a well-established business with a strong new business pipeline. S&P also recognised Target as having strong customer service and client engagement, alongside a robust, stable, and flexible IT platform.
Paddy Byrne, CEO at Target Group, comments:
"We are thrilled to receive a special servicing rating from Standard & Poor's, especially as it is the first time we have applied for a ranking in this area, we see this as the natural first step to achieving further progression onto "Above Average" and "Strong" in the near future.
This achievement is testament to the hard work and dedication of all our team, as well as our continued focus on developing and delivering the highest quality of Primary and Special servicing possible."