Estimated reading time: 0 minutes, 18 seconds

BofA Warns of Commercial Mortgage Bond Rating Cuts Galore

Saturday, Sep 30 2023
Commercial Lending
Written by  The Mortgage Leader

Bank of America strategists have identified the most credit rating cuts on commercial mortgage-backed securities that they have seen in “recent memory.” So reports Bloomberg.

Bank of America 280x186BofA strategists Alan Todd and Henry Brooks noted on September 22 that 121 tranches from 40 deals had been downgraded in the prior week.

As of September 25, they flagged only 15 CMBS bond upgrades versus 188 downgrades.

Read the full article from Bloomberg.

Read 1031 times
Rate this item
(0 votes)
More in this category: « Apollo Boss Bullish on Commercial Real Estate Lending Real Estate Investors Stay Upbeat Despite Headwinds »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline