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.

CMBS Supply-Demand Fundamentals Dip

Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market dipped in fourth-quarter 2020.

KBRA: Review Those Remittance Reports

Kroll Bond Rating Agency, New York, said higher commercial mortgage-backed securities special servicing volume and modifications increase the risk of operational errors or inconsistencies in servicer and trustee reporting.

CMBS Delinquency Rate Drops 8th Straight Month

In February, the commercial mortgage-backed securities delinquency rate saw its largest improvement since the pandemic started last year, reported Trepp, New York.