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Europe CMBS market sets default record in April

Posted on 30 May 2011

Defaults on European commercial mortgage-backed securities (CMBS) hit a record high in April as 12 new loans became delinquent in the period, according to rating agency Standard & Poor’s. This is the highest monthly number since S&P started covering the market in 2008.
The same number of loans went into special servicing, also representing a new high for monthly increases. Servicers transferred three loans out of special servicing in April and two of these were resolved at a loss, S&P said in a statement……………………………………….Full Article: Source


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