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Fitch: Surveillance Criteria for U.S. CREL CDOs
11/10/2016 · by Fitch Ratings · CMBS and CRE CLO Credit Ratings · Research and Background Documents
This report summarizes Fitch Ratings’ criteria for surveillance of legacy U.S. commercial real estate loan (CREL) collateralized debt obligations (CDOs). The legacy CREL CDOs were issued between 2004 and 2007; collateral consists of both CREL and non-CREL assets. There are no Fitch-rated legacy CREL CDOs remaining in the reinvestment period. Furthermore, the remaining assets are generally underperforming or non-performing.
Tags: legacy commercial real estate loans · surveillance · cdo · cre cdo · crel · non-performing · underperforming ·