Fitch Ratings' comments cause sparks in CMBS community

05/20/2013 | Reuters

Fitch Ratings raised eyebrows with its unsolicited comment criticizing the AAA ratings bestowed by its rivals to a new single-asset commercial mortgage-backed security for a trophy Manhattan office building, according to this article. The comment was issued before the deal launched, which was a first. Many asset managers agree, though, that Fitch's point of loosening underwriting standards for CMBS was valid.

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