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BofA Warns of Commercial Mortgage Bond Rating Cuts Galore

Bank of America strategists have identified the most credit rating cuts on commercial mortgage-backed securities that they have seen in “recent memory.” So reports Bloomberg.

Bank of America 280x186BofA strategists Alan Todd and Henry Brooks noted on September 22 that 121 tranches from 40 deals had been downgraded in the prior week.

As of September 25, they flagged only 15 CMBS bond upgrades versus 188 downgrades.

Read the full article from Bloomberg.

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