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Agusto & Co. assigns a “SR3” servicer rating to Jubilee-Life Mortgage Bank Plc

Rating Release

Agusto & Co. assigns a “SR3” servicer rating to Jubilee-Life Mortgage Bank Plc.

The rating expires on 30 June 2019.

The rating assigned to Jubilee-Life Mortgage Bank Plc. (“Jubilee-Life” or “the Servicer” or “the Bank”) is upheld by the Bank’s satisfactory collection and recovery framework, good loan administration system and satisfactory asset administration procedures. The rating also reflects the Servicer’s qualified management team and its robust disaster recovery and business continuity framework. The rating is however, constrained by the Bank’s largely manual credit appraisal process and Jubilee-Life’s investor reporting architecture, which we believe requires improvement.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.