NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
LEI: 213800NWMK3O4UWP9N91
09 November 2022
LendInvest plc
("LendInvest" or "the Company")
LendInvest receives SQ1 Servicer Quality rating with 'stable outlook' from ARC Ratings for eighth consecutive year
LendInvest plc (LSE: LINV; "LendInvest""), a leading technology driven asset manager for UK property finance, has received the highest possible rating and confirmation of a 'stable outlook' from European rating agency, ARC Ratings, for the eighth consecutive year.
ARC affirmed its SQ1 Servicer Quality Rating for LendInvest following a comprehensive review, noting the company's strengthened financial performance, and technology driven infrastructure.
In particular, ARC highlighted the LendInvest Loan Engine's benefit of 'optimisation' and 'efficient allocation of mortgages' across investment portfolios, and the ability of LendInvest's Genesys technology to 'create a seamless application process facilitating increased broker conversion and higher repeat rates.'
ARC Ratings is a regulated European credit rating agency registered with the European Securities and Markets Authority (ESMA). Its rating is based on a number of key factors including corporate governance, internal controls, due diligence, data disaster mitigation and the financial health of the company.
ARC Ratings' own press announcement and full report can be read here.
Rod Lockhart, Chief Executive Officer of LendInvest, commented: "It's been a turbulent few months for the economy as a whole, which is not something our industry is immune to. This is why it's brilliant to see LendInvest recognised yet again for its stability and success as a lender, receiving the highest possible rating for an eighth year running from ARC Ratings.
The ability to weather a crisis is crucial when we consider the wider macroeconomic landscape, and receiving this rating over the last couple of years has demonstrated LendInvest's sustainability as a business, which we attribute to both our expert team, stringent internal governance, resilient business model and proprietary technology platform."
-- Ends --
Enquiries:
LendInvest via Tulchan Communications +44 (0)20 7353 4200
Alex Dee, Head of Investor Relations
Leigh Rimmer, Head of External Communications
investorrelations@lendinvest.com
Panmure Gordon (NOMAD and Joint Broker) +44 (0)20 7886 2500
Charles Leigh-Pemberton / Atholl Tweedie / Gabriel Hamlyn
finnCap Limited (Joint Broker) +44 (0)20 7220 0500
Jonny Franklin-Adams / Tim Redfern
Tulchan Communications (Financial PR) +44 (0)20 7353 4200
Tom Murray / Misha Bayliss / Olivia Lucas
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.