More CRE CDO Downgrades Expected
There will like be more downgrades than upgrades of commercial real estate collateralized debt obligations for the rest of the year, according to Moody’s Investors Service.
There will like be more downgrades than upgrades of commercial real estate collateralized debt obligations for the rest of the year, according to Moody’s Investors Service. Moody’s also noted that defeasance activity, when commercial borrowers substitute capital-generating collateral as a substitute for a cash payment, in the past
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