16.01.2014 16:40:00
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Moody's says lowest repayment rate for European CMBS loans for two years
London, 16 January 2014 -- Only 22% of the 31 commercial mortgage-backed securities (CMBS) loans (EUR2.3 billion) scheduled to mature in Q4 2013 repaid at maturity or prepaid, lower than the four-quarter rolling average of 37%, says Moody's Investors Service in a new report published today. At the same time, Q4 had the highest proportion of defaulted or repaid-with-loss loans of any quarter in the last two years.