Rating Service Recommends Steps to Spur Recovery of Waning CMBS Market
January 23, 2009
As the commercial MBS market teeters on the brink of disaster, industry participants need to stop finger pointing, take some accountability and identify what needs to be done to bring the market back from the edge, according to a new analysis by credit ratings agency DBRS. Susan Merrick, head of the U.S. CMBS Group at Fitch, said that highly leveraged loans originated at the height...