Kensington under review after private equity sale

By Tom Porter
22 Sep 2014

Fitch has put specialist UK mortgage lender Kensington Mortgages’ special servicer rating on its "evolving" list, ;pointing to uncertainties created by Investec’s recent sale of the business to Blackstone and TPG Capital.

The US based private equity firms Blackstone and TPG Capital agreed to acquire the non-conforming and buy-to-let UK mortgage lender Kensington Mortgages from Investec earlier this month.

Fitch said it was aware the Kensington would continue to receive backing from Investec until the sale is completed, but ...

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