27.08.2009 - Mortgage-backed securities performance deteriorated in the Middle East
From Globalarabnetwork.com: The performance of commercial mortgage-backed securities (CMBS) and multi-family transactions in Europe, the Middle East and Africa (EMEA) exhibited further deterioration during Q2 2009, says Moody's Investors Service in its latest Surveillance Report for the sector. The rating trend of EMEA CMBS in Q2 2009 was significantly negative, with many transactions experiencing multiple notch downgrades, driven mostly by loan performance-related concerns...............Full Article: Source