| From Zawya.com: Commercial real estate (CRE) lenders in Europe, the Middle East and Africa (EMEA) remain wary and with many sponsors having insufficient equity to support their loans, CMBS loan and transaction restructurings were a main theme during Q1 2010, says Moody's Investors Service in its latest Surveillance Report for the sector.
"Most borrowers of CMBS loans that matured during Q1 2010 could not repay or refinance their loan, and the loans either had their maturity date extended, or defaulted and underwent a subsequent restructuring rather than loan enforcement," says Viola Karoly, a Moody's Analyst and co-author of the report..............................................Full Article: Source
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