Bridgecorp gets four stars

Bridgecorp has recently been awarded another rating, this time from an Australian provider of independent property funds research, Property Investment Research (PIR).

Tuesday, 11 July 2006

The PIR Security Rating system is applied to debt based property investments such as mortgage and mezzanine funds and debenture or note offers (secured or unsecured). It assesses a range of risk/return factors associated with the funds as well as the ability of the manager to manage arrears and defaults.

To produce a ratings report, PIR utilises a rigorous system based on an enhanced evaluation model, a comprehensive review of due diligence material and offer documentation, property inspections where appropriate, specialist interviews of management and a compliance review.

"As we move into a climate where ratings are a significant differentiator between finance companies, it is pleasing to see Bridgecorp achieve another consistent result from a respected and established ratings organisation," Bridgecorp managing director Rod Petricevic said.

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