Financial Times FT.com

Boom year bonds could see downgrades

By Daniel Thomas in London

Published: November 23 2009 19:24 | Last updated: November 23 2009 19:24

Moody’s, the ratings agency, has warned that many bonds secured against US commercial property in the boom years could see several further rounds of downgrades as the market continues to come under pressure.

There is about $3,500bn of outstanding commercial real estate debt in the US, of which almost a quarter was funded by securitisation.

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