Titan 2007-1 sub notes in danger of losses at maturity
Noteholders ranked below class ‘A’ in the Titan 2007-1 CMBS, which is backed by a portfolio of UK nursing homes, are unlikely to be repaid in full at the January 2017 maturity date, according to Barclays analysts. Explaining their conclusion, they cited a lack of cash flow, high capital expenditure and a falling portfolio valuation.
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