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," Moody's analyst Tad Philipp said in a statement. "This exemplifies why we need continued diligence on these transactions."

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