News Column

Fitch: Major U.S. CMBS Property Types Continue to Stabilize

May 30, 2014



NEW YORK--(BUSINESS WIRE)-- The four major CMBS property types are showing mostly stable performance, this according to Fitch Ratings' quarterly review of property fundamentals and market conditions, the results of which are detailed in the latest weekly U.S. CMBS newsletter.

Most macroeconomic statistics are stable to improving. Fitch's weekly CMBS e-newsletter highlights the pros and cons of each property-type sector as well as highlighting markets to watch. Below is a snapshot of Fitch's current view for each property type.

-- Hotels: Stable;

-- Office: Negative to Stabilizing;

-- Retail: Stabilizing;

-- Multifamily: Stable.

Also in its weekly e-newsletter, Fitch takes a closer look at two large loans that transferred to the special servicer over the last week: the $240 million Westfield Centro Portfolio in JPMC 2006-LDP7 and the $236 million 131 South Dearborn loan in JPMC 2006-LDP9. Both loans were transferred for an imminent default and thus far have been current and with the master servicer.

Additional information is available in Fitch's weekly e-newsletter, 'U.S. CMBS Market Trends', which also contains recent rating actions and an overview of newly released CMBS research, including Fitch presales and Focus reports. The link below enables market participants to sign up to receive future issues of the E-newsletter:

'http://pages.fitchemail.fitchratings.com/CMBSMktOptin/'

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.



Fitch Ratings

Media Relations

Sandro Scenga, New York

Tel: +1 212-908-0278

Email: sandro.scenga@fitchratings.com

or

Mary MacNeill

Managing Director

+1-212-908-0785

Fitch Ratings, Inc.

33 Whitehall St.

New York, NY 10004


Source: Fitch Ratings


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