CMBS

the analysts at Bank of America Merrill Lynch have revised down their structured-finance issuance forecast in Europe for 2013

Moody’s Investors Service said today that it expected European commercial mortgage-backed securities (CMBS) to suffer further interest shortfalls, at least among the non-senior tranches.

The widening in structured finance spreads is not yet a cause for credit concerns, according to a weekly outlook by Standard & Poor’s.

Standard & Poor’s downgraded several CMBS transactions this week and said it expects to lower the ratings on more of these deals.

The Trepp CMBS Delinquency Rate posted a 42-basis-point drop to 8.65% in June, the lowest level in almost three years.

Two commercial backed mortgage securities conduits, one offered by JP Morgan and another by Deutsche Bank, Cantor Fitzgerald and UBS, priced this week at wider spreads than recent deals.

Neil Odom-Haslett will join Standard Life Investments as head of commercial real estate lending in August and will lead the company's entry into the U.K. commercial real-estate market.

Could higher yields end up deepening the investor base for asset-backeds?

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.