Brief
CMBS Conduit Ratings Remain Stable; Downgrades are Moderating
North American conduit CMBS rating performance remains broadly resilient, although credit divergence across vintages and rating categories has become more pronounced, Fitch Ratings said Tuesday Affirm
Summary
North American conduit CMBS rating performance remains broadly resilient, although credit divergence across vintages and rating categories has become more pronounced, Fitch Ratings said Tuesday Affirmations continued to represent the majority of rating actions, averaging 80% by class count since 2023.
Including classes that paid in full (PIF), 87% of all rating actions have been affirmations...
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Source
- Connect CREconnectcre.com
