European CMBS Market Sees Spate of Downgrades

By Nora Colomer

November 24, 2008

Moody's Investors Service's recent lowering of Ambac and MBIAs' ratings to 'Baa1' spurred a massive flow of downgrades. The European CMBS sector has been especially hard hit. It saw downgrades from all three rating agencies over the past week.

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