OREANDA-NEWS. Fitch Ratings has affirmed CT Investment Management Co., LLC's (CTIMCO) commercial loan-level special servicer rating at 'CLLSS2'.

The loan-level special servicer rating reflects CTIMCO's strong management and asset management team, experience resolving large complex loans, and continued incremental improvements in technology. The rating also reflects the integration of CTIMCO into the Blackstone platform as well as the financial support of its parent.

CTIMCO is a wholly-owned subsidiary of Blackstone Holdings I L.P., a subsidiary of Blackstone. CTIMCO was acquired by Blackstone in December 2012, and Fitch's servicer rating is predicated on the employees, technology, financial condition and controls that have since been integrated into and are part of the Blackstone Real Estate Debt Strategies group (BREDS). CTIMCO serves as the special servicing entity for the larger BREDS platform.

CTIMCO has been resolving commercial real estate loans for over 16 years and has acted as a CMBS special servicer for over nine years; however, the company's current focus is on non-CMBS loans with a concentration on transitional properties, construction, or redevelopment opportunities. The group is located in New York City, with a staff of eleven BREDS employees performing asset management functions, and is supported by 15 Accenture employees in Chennai, India, performing data-entry functions related to property-level operating statements. The staff in India is dedicated to CTIMCO.