NEWS


LA TROBE FINANCIAL ASSET MANAGEMENT LTD’S OPERATIONAL CAPABILITY RANKING UPGRADED TO ‘VERY STRONG’
Thursday, February 16, 2017


Melbourne, 16 February 2017 – Australia Ratings has upgraded La Trobe Financial Asset Management’s (LFAM) operational capability assessment (OCA) from ‘Strong’ to ‘Very Strong’.

LFAM’s ‘Very Strong’ ranking reflects its sound governance, risk management and compliance frameworks, and its experienced and focussed staff. The upgrade also points to LFAM’s prudent management to protect investor capital and interest, and the continued solid support from its parent and related entities within the La Trobe Financial Group of Companies.

Australia Ratings analyst Daniela Crisafi said, “the upgrade to ‘Very Strong’ was driven by LFAM’s continued focus to prudently manage The La Trobe Australian Credit Fund (Fund) and foster its growth and performance to current levels, whilst preserving investor capital.” Ms Crisafi added, “whilst arrears on loans remains a key risk, LFAM’s policy and practice of managing asset quality and performance has led to arrear levels that are comparable to industry performance.”

LFAM is 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 ranking 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

Daniela Crisafi, Director
daniela.crisafi@australiaratings.com
03 8080 6684

 

 

 

 

About Australia Ratings

Australia Ratings is Australia’s local credit rating agency with over 55 years of experience in assessing and rating credit risk. Australia Ratings was formed in 2010 following regulatory reforms to the operation of credit rating agencies in Australia. Australia Ratings Pty Limited holds Australia Financial Services License No. 346138. 

 


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