A gauge of CMBS tenant risk in the U.S. has scarcely been nicked by the U.S. downgrade, according to Standard & Poor's.

The Tenant Credit Risk Index crept up by two basis points to 16.96 from 16.94 following the sovereign's drop to 'AA+.' The index weights each of the 70 largest CMBS tenant exposures by the historical default rate of each tenant's rating category.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.