Triple-A-rated CMBS may offer opportunity

12/10/2008 | Wall Street Journal, The

Although default rates on loans used to finance purchases of commercial properties are increasing, investors holding triple-A-rated commercial-mortgage-backed securities will likely get their money back. The highly rated CMBS are trading at less than 70 cents on the dollar. Investors could make 13% annual yield on the debt if they hold it to maturity, according to Richard Parkus, head of CMBS research at Deutsche Bank Securities.

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