Canary Wharf Finance II, one of the highest profile CMBS deals in Europe reported results yesterday and showed that debt-service-coverage ratio (DSCR) went up to 1.30 from 1.18, mostly due to an increase in rents.

“We believe that this can be seen as a positive in the short term, but in the long term the re-letting of the Lehman Brothers space at 25 to 30 Bank Street remains a great uncertainty,” Barclays Capital analysts said in a note published on the deal.

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