30.05.2011 - Europe CMBS market sets default record in April
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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