Rating agencies expect refinancing issues for CMBS

Rating agencies expect refinancing issues for CMBS

Rating agencies say some of the nearly $120 billion in commercial mortgage-backed securities loans maturing through 2018 will face challenges in refinancing. S&P Global Ratings predicts that $12 billion of the $92 billion of loans maturing during 2017 may default, while Morningstar Credit Ratings notes that the risk-retention rule will reduce liquidity and Kroll Bond Rating Agency predicts declines in new issues
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