The upgraded overall ranking reflects Standard and Poorâs view of Target as a business with a healthy new business pipeline, strong management team, high level of customer service, extensive governance controls and a streamlined, efficient and effective process for bringing new clients on board.
The Standard & Poorâs (S&P) report, which gives Target a âStableâ outlook, highlights the firmâs growth by entering into several new contracts with major financial services providers including Yorkshire Building Society, Shawbrook Bank and Gilliat Financial Solutions.
Standard & Poorâs also affirmed Targetâs âAbove Averageâ sub-ranking for management and organisation and loan administration.
James Snow, Chief Executive Officer at Target Group, said:
âTarget Servicing offers efficient, quality services to our clients. We will continue to strive hard to deliver the best results for our clients and achieve further growth and improvement in the year ahead.â