NEWS


LA TROBE FINANCIAL ASSET MANAGEMENT LTD’S OPERATIONAL CAPABILITY RANKING AFFIRMED AT ‘VERY STRONG’
Monday, February 11, 2019


 

Melbourne, 11 February 2019 – Australia Ratings has affirmed La Trobe Financial Asset Management’s (LFAM) Operational Capability Assessment (OCA) at ‘Very Strong’.

LFAM’s ‘Very Strong’ ranking reflects its sound governance, risk management, and compliance frameworks, and its experienced and focussed staff. The confirmation also reflects LFAM’s continuing prudent management of the business and mortgage assets to protect investor capital and interest as well as the strategic support of Blackstone Group L.P., the majority shareholder in of the La Trobe Financial Group of Companies.

Australia Ratings analyst Natasha Hall said, “the confirmation of the ‘Very Strong’ ranking reflects LFAM’s continued focus to prudently originate and manage mortgage assets in the La Trobe Australian Credit Fund and to manage its growth and performance in a softening housing market to preserve investor capital.” Ms Hall added, “whilst arrears management will remain a key focus, LFAM’s policy and practice of managing asset quality and performance has led to arrears levels that remain comparable to industry performance for near-prime mortgages.”

LFAM – the Responsible Entity for The La Trobe Australian Credit Fund – is wholly owned by La Trobe Financial Pty Limited and forms part of the La Trobe Financial Group of companies. The La Trobe Financial Group’s key business as a credit specialist is to originate mortgages and offer investors (institutional and retail) an opportunity to invest in mortgages and other credit assets, including mortgage-backed securities via the Fund.

A full rating report is available from www.australiaratings.com.
Find out more about Australia Ratings’ Operational Capability Assessments by visiting www.australiaratings.com

FOR MORE INFORMATION, CONTACT:
Chris Dalton, Managing Director
chris.dalton@australiaratings.com
03 8080 6684 

Natasha Hall
natasha.hall@australiaratings.com
03 8080 6684

 


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