CMBS Servicers on the Front Line for Borrower Relief Requests Amid Coronavirus Pandemic
As the Coronavirus Disease (COVID-19) pandemic continues, commercial real estate lenders and borrowers alike are heading into uncharted waters, with many unknowns and no true precedent to guide the rapidly evolving impacts on the U.S. and global economies. As soon as the initial social distancing guidelines were put into place at the state and federal levels in mid-March 2020, nonessential businesses were closed by government mandates and ownership decisions. Relief efforts forced restaurants to restrict sales to pick-up and/or delivery options only. Hotels felt the effect immediately, as travel ground to a halt and many hotels facing nearly 0% occupancy rates temporarily shut their doors.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.