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Acenden News

Fitch upgrades Acenden’s Special Servicer rating following a year of robust growth

Dec 13, 2016
Acenden Key Facts
AUM by balance:
£11 billion
Fitch Servicer Rating: RPS2+ Primary Servicing/ RSS2+ Special Servicing
S&P Servicer Rating: Above Average for both Primary and Special Servicing
CEO: Paul McMillan

We are pleased to announce that Fitch Ratings has recently upgraded Acenden Limited’s UK Special Servicer rating to RSS2+ from RSS2 previously. Acenden is the servicing arm of The Northview Group, which was established in January 2016 following the acquisition of Acenden Limited and Kensington Mortgage Company by funds managed by TPG and Blackstone.

The upgrade is a reflection of the firm’s robust growth and development since its integration into The Northview Group and the scalability and stability this affords. Acenden has a 20+ year history in the UK mortgage servicing market, and an extensive track record with clients from major financial institutions, fund managers and securitised portfolios across the UK and Ireland.

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