Rating agencies downgrade raft of UK, Italian CMBS

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By Tom Brown
07 Apr 2020

Fitch Ratings has downgraded bonds from three UK CMBS transactions, while also lowering ratings for three Italian CMBS deals, as the sector continues to suffer the effects of the coronavirus pandemic.

The rating agency has downgraded all classes of Meadowhall Finance and placed them on rating watch of negative because of factors related to the coronavirus.

“The UK government’s decision to temporarily ban evictions of commercial tenants and the operator’s decision to provide relief to some tenants in ...

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