Moody's boosts credit support levels on CMBS deals

(Reuters) - In April, Moody's said it would shore up subordination or
financial protection for holders of CMBS, to head off any
potential deterioration in the solid commercial real estate
market as loose underwriting standards and slower property
appreciation posed risks.




Record high leverage, a rise in interest-only loans and
fewer investment-grade loans used in deals were among the
factors pointing to growing risks to CMBS deals, which echoed
those in place before the subprime mortgage crisis.


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