The breakdown of the global securitization market has pared down most US and European banks’ ability to recycle their balance sheets in the search for new lending business. From a peak of $324 billion ...

In January, Toys R Us, a triple-C rated company, was able to issue triple-A rated bonds via a single-tenant CMBS structure – backed by a loan to its UK subsidiary. And Sainsbury’s secured refinancing ...

CMBS (30+ days delinquent or in real estate-owned status): 6.36%, up 0.45 points. The widening gap between CMBS delinquencies and those of other lenders highlights ongoing stress in certain segments ...