Moody’s to require more protection of investment-grade CMBS

10/29/2013 | Bloomberg

Commercial mortgage-backed securities will require higher levels of credit protection in order to become certified as investment-grade by Moody’s Investors Service, the company announced. “Issuers continue to originate loans backed by weak malls even as first-generation loans backed by similar collateral have realized large losses,” said Moody’s analyst Tad Philipp. “This exemplifies why we need continued diligence on these transactions.”

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