Fitch reviewing banks' exposure to commercial real estate

09/8/2009 | NYTimes.com

Analysts at Fitch Ratings suspect the next big round of bad news for banks will come from commercial real estate loans. "Virtually all major property types [multifamily, office, retail and industrial] are suffering from rising vacancies and declining rents," a recent Fitch report warned. The ratings agency is performing its own analysis of U.S. banks' exposure to debt secured by commercial property.

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