Majority of U.S. CMBS Ratings Assigned Stable Outlooks



Pools of U.S. commercial mortgage-backed securities (CMBS) are looking just a tad healthier these days.

Recent rating actions, coupled with stabilizing U.S. commercial real estate fundamentals, have resulted in a greater percentage of “Stable Outlooks” for Fitch Ratings’ investment-grade CMBS, according to the New York-based credit rating agency.

Rating Outlooks for investment grade U.S. CMBS bonds in the agency’s rated portfolio are 88% stable. This follows Fitch Ratings’ most recent extensive review of its rated CMBS portfolio as well as the continuing stabilization of the commercial property markets.

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Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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