.png){kind=logo}
GC Asia
CMBS defaults and LTVs climb in Europe amid barren primary market
The European CMBS market’s problems are not restricted to an inactive primary market — a Fitch Ratings report shows nine loans maturing in the second quarter face restructuring or loss.
The at-risk loans come from a bucket of just 17 EMEA CMBS transactions in the ratings agency’s rated portfolio maturing between April and June 2014, and all nine have loan-to-value ratios (LTV) over 100%.
"The high LTVs will make refinancing extremely challenging and we would expect special servicers ...Already a subscriber? Login
-
Latest news from Securitization
-
Alston & Bird hired CLO team from Cadwalader
04.00 PM -
Axa Bank Belgium and BNPP price first placed synthetic euro-RMBS
02.15 PM -
Geely’s Genius eyes fourth China ABS deal before year-end
07.00 AM -
Owl Rock priced a rare tech-focused CLO
30 Nov 2020 -
Hertz returns with $4bn ABS to climb out of bankruptcy
30 Nov 2020
-
-
Latest news from Securitization
-
Alston & Bird hired CLO team from Cadwalader
04.00 PM -
Axa Bank Belgium and BNPP price first placed synthetic euro-RMBS
02.15 PM -
Geely’s Genius eyes fourth China ABS deal before year-end
07.00 AM -
Owl Rock priced a rare tech-focused CLO
30 Nov 2020 -
Hertz returns with $4bn ABS to climb out of bankruptcy
30 Nov 2020
-
