23 Jan 2013 - Fitch Ratings has affirmed IDeA FIMIT SGR's 'M2-' Real Estate Asset Manager Rating. The rating is assigned to the real estate investment management activities conducted in Milan and Rome.
KEY RATING DRIVERS
The rating's main driver is the company's established franchise and progressive strengthening of its organisational structure. The addition of new staff, particularly in portfolio management, supports its business and enforces the firm's market leadership in Italy. Fitch also recognises the risk framework supported by an enhanced internal risk oversight.
IDeA FIMIT SGR's 'M2-' rating is based on the following category scores, which represents a scale from 1 to 5, with 1 as the highest possible score:
- Company & Staffing: 2.50
- Risk Management & Controls: 2.75
- Investment Selection: 2.50
- Portfolio Management: 2.75 from 3.00
- Investment Administration: 2.75 from 3.00
Jan 23rd, 2013