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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

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From: mlkr2/10/2009 6:55:16 PM
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New commercial bond rating!Long overdue!
Moody's Investors Service launched a sweeping review of its ratings on bonds backed by commercial-real-estate mortgages, responding to tumbling property values and soaring defaults.

The review of $302.6 billion of debt accounts for more than half the commercial-mortgage-backed securities -- or CMBS -- rated by Moody's, a subsidiary of Moody's Corp. At least $80 billion of that debt used to finance office towers, shopping malls, hotels and other commercial property may be downgraded, Moody's said.

Mortgage delinquencies are likely to accelerate and commercial-property prices probably will decline ...
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