itch Ratings announced today it assigned GMAC Institutional Advisors LLC a set of scores under the agency’s proprietary CDO Asset Manger Ratings program. GMAC scored at least a 1.75 or higher in eight of the nine standardized scorecards included in the program. Fitch rates CDO asset managers by asset class, on a scale of 1 to 4, with 4 being the lowest. Of interest, Fitch awarded a 1.00 score for GMAC’s Credit Underwriting/Asset Selection and 1.50 scores for both the Portfolio Management and Portfolio Performance categories. A 2.00 score was given for Financial Condition. As of March 31 GMAC managed 7 CDOs totaling $3.2 billion.
The entire CDO asset manager report for GMAC is available through Fitchratings.com.
