Fitch puts bonds from retail heavy CMBS deal on watch for downgrade
Fitch Ratings put two classes of a 2012 CMBS deal from Deutsche Bank on rating watch negative on Thursday, citing heavy concentration of retail property loans and increased loss expectations for some of the largest loans in the deal.
“The Rating Watch Negative placements are the result of an increase in modeled losses, primarily due to the downward trend in performance of large retail loans in the top 10,” the Fitch analysts wrote.
The rating agency pointed to a high percentage of retail loans backing the
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