Outlook darkens for CMBS market

08/10/2011 | Bloomberg

The commercial mortgage-backed securities market was making a nascent recovery, but it might be cut short because of the sovereign-debt crisis raging in Europe and the recent downgrade of the U.S. government's credit rating by Standard & Poor's. The market also took a hit when S&P withdrew its rating on a $1.5 billion CMBS sale by Goldman Sachs and Citigroup.

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