Standard & Poor’s (S&P) has affirmed HML’s UK primary and special servicer rating as Above Average with a stable outlook.

S&P said that HML had boarded two new large residential portfolios since its last review, testing the company’s boarding capabilities, which the rating agency understand stood up well and fully met the company’s expectations.

HML had further improved its IT platform and has planned additional enhancements, with robust internal audit and risk management disciplines, S&P said, adding that HML had expanded its special servicing team, resulting in the development of additional analytics.

“Successfully boarding two new portfolios within tight timescales has tested the service we provide our clients in a way our competitors haven’t been tested for years,” said Andrew Jones, HML’s chief executive officer.

“We’re delighted S&P have recognised our success, the continued investment in our IT platform and the commitment of the people who work at HML by affirming our Above Average rating.”