Fitch Ratings, New York, and Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate continued its steady fall in September.
Tag: Fitch Ratings
CMBS Delinquency Rate Shrinks, Cumulative Default Rate Increases
The commercial mortgage-backed securities delinquency rate continues to shrink, but the cumulative loan default rate increased slightly in first-half 2021, according to two new reports from S&P Global Ratings and Fitch Ratings.
Fitch Ratings: The Future of New York Office Space
As the largest U.S. office market, New York provides a good case study of possible pandemic pressures on office demand, said Fitch Ratings, New York.
CMBS Delinquency Rate Drops Sharply
The commercial mortgage-backed securities delinquency rate declined sharply in August, posting the largest drop in six months, reported Trepp LLC, New York.
Fitch Ratings: Life Insurers Have Significant Commercial Mortgage Default Headroom
Fitch Ratings, New York, said potential stress on U.S. life insurers’ commercial mortgage portfolios will not drive rating downgrades, given the industry’s strong capitalization, current loan quality and historical loss experience.
Fitch Ratings: Small U.S. Banks Most Exposed to Commercial Real Estate Losses
Fitch Ratings, Chicago, said the U.S. commercial real estate market will likely see deteriorating credit metrics once stimulus measures wind down and forbearance programs expire, with smaller CRE-concentrated banks more susceptible to elevated losses, which are expected to peak below levels seen in the past.
Fitch Ratings: Robust Housing Market Supports Outsized U.S. Title Insurer Returns
Fitch Ratings, New York, said U.S. title insurance firm profitability should continue to exceed rating expectations over the near term, supported by a robust single- and multifamily housing market.
Fitch: Return-to-Office Delays No Imminent Risk to Office REITs
Fitch Ratings, New York, said long-term office leasing plans will not likely be affected even if U.S. corporations continue to delay their return-to-office plans.
‘New Cracks’ in Affordable Housing Foundation
Fitch Ratings, New York, said the coronavirus pandemic “created new cracks” in the already fragile foundation of affordable housing.
Most Senior CMBS Found ‘Resilient’ Under Stress Test
Most high investment-grade rated commercial mortgage-backed securities multi-borrower bonds can withstand downgrades under a new hypothetical stress test, Fitch Ratings reported last week.