DBRS Morningstar Interactions with CMBS Servicers During COVID-19 Pandemic
While the long-term effect of the Coronavirus Disease (COVID-19) pandemic on commercial real estate has yet to be determined, the short-term impact on the North American commercial mortgage-backed securities (CMBS) market has been significant. New issuance has markedly slowed, as both issuers and investors attempt to evaluate their positions and determine a "new normal." Industry associations such as the Commercial Real Estate Finance Council and the Mortgage Bankers Association have been working tirelessly to advocate for borrowers and investors while providing operational guidance and up-to-date market and regulatory information.
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.
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