Fitch Affirms FirstCity's Commercial Mortgage Special Servicer Rating

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the commercial loan level special servicer rating of FirstCity Servicing Corporation (FCSC) at 'CLLSS3+.' The affirmation of the rating reflects FCSC's long company history and workout experience, particularly with small balance non- and sub-performing loans, proprietary technology, as well as experienced and tenured asset managers. The rating also reflects the new senior management team and transitional control environment, both of which ar

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