CMBS players eye shake-up as S&P nears end of ban

By Max Adams
15 Sep 2015

Ratings on CMBS conduit deals have been a big talking point in 2015, and Standard and Poor’s is set to wade back into the market at a time observers say is a low point in the current cycle for CMBS loan underwriting.

Though still a few months out, the end of S&P’s conduit ratings ban has market players worried that a race among the rating agencies to win market share could result in a further decline of credit standards. Moody’s in August loosened its criteria for rating single borrower deals in what was perceived ...

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