Ratings agency Standard & Poor’s has affirmed its above average rating of HML as a primary servicer.

It has also said it could have a potential future ranking upgrade.

The S&P report noted: “HML has recognised the importance of attracting new clients. Diversification of its business remains a corporate goal to protect its income stream from being overly reliant on one servicing market. We consider diversification as generally positive provided the servicer has the operational capability to handle the requirements of the diversification. Based on our review