CMBS

Office Depot’s planned merger with Office Max announced on Wednesday, could lead to some store consolidation that would affect CMBS deal performance.

RBC Capital Markets plans to issue a $500mn cross-border credit card ABS backed by Canadian receivables.

Goldman Sachs plans to issue $568 million CMBS loans backed by fixed rate loans that are secured on three malls.

The percentage of interest-only loans in commercial mortgage-backed securities is rising, increasing the risk of losses in these deals, according to Kroll and S&P.

Moody’s Investors Service expects commercial mortgage-backed securities in Europe to perform poorly over the next two years.

The CMBS primary pipeline added another $1.48 billion of commercial mortgage-backed bonds with the UBS Securities/Barclays Capital conduit, UBS-BB 2013 C-5.

Moody's Investors Service chief executive told investors Friday he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.

The sharp drop in delinquencies of securitized commercial loans in January belies ongoing struggles in the hard-hit Atlanta region, according to the latest index results from Fitch Ratings