04.08.2011 - European CMBS loans struggle in June -S&P

Europe's troubled commercial mortgage-backed securities market continued to struggle in June with more than 100 underlying loans in special servicing, and 128 of the bonds backed by those loans having their credit ratings cut, data showed. Credit ratings agency Standard & Poor's said 101 commercial property loans over 52 European CMBS were in special servicing at the end of June, breaching the 100 mark for the first time..............................................Full Article: Source

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