Barclays pulls liquidity lines but has no impact on ratings

29 May 2008

Fitch said this week that if banks declined to renew liquidity facilities backing commercial mortgage securitisations, it should not affect their credit quality.

The announcement follows the non-renewal by Barclays Bank of a facility supporting Merrill Lynch’s Taurus CMBS No 1, which has only a single £30m loan outstanding. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial