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KBRA: CMBS Distress Rates Vary Widely by Metro Area

The U.S. private-label CMBS loan distress rate entered double-digit territory in January 2026, Kroll Bond Rating Agency (KBRA) reported this month, although the pace of increase has moderated. Nonethe

The U.S. private-label CMBS loan distress rate entered double-digit territory in January 2026, Kroll Bond Rating Agency (KBRA) reported this month, although the pace of increase has moderated. Nonetheless, there continues to be a wide disparity in credit performance across metropolitan areas. The distress rate across the 20 largest MSAs aggregated 10.5%, which is slightly...

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