LONDON: S&P Global Ratings has affirmed its ‘Above Average’ rankings on Link Mortgage Services Ltd. (LMSL) as a primary and special servicer of residential mortgages and as a primary servicer of small-balance commercial mortgages in the U.K. “At the same time, we affirmed our AVERAGE ranking on LMSL as a special servicer of small-balance commercial mortgages in the U.K. The outlook on our rankings is stable,” S&P said. Rankings reflect: . Experienced and tenured leadership team. . A reduction in its overall staff turnover rate, which reflects ongoing mitigation actions, the effect of which we will continue monitoring. . Good internal controls environment, supported by the Link Asset Services (LAS) division of the Link Group. . Continuous development of the technology platform, including enhancements such as increased postroom automation. . Well-designed residential mortgage servicing operations with a diversified residential mortgage portfolio. Adequate small-balance commercial servicing activity, primarily comprising performing loans. . The company's maintained capabilities to manage nonperforming small-balance commercial mortgages, despite a minimal portfolio under management. . Positive servicing metrics across residential and small-balance commercial mortgages. . Institutional and financial backing from the Link Group. The outlook is stable for all four rankings. LMSL has well-established operations that have maintained servicing standards. “We believe LMSL will remain a capable residential and small-balance commercial mortgage servicer of various product types”.