Although European CMBS saw a boost in new issuance in September, with two transactions closing in a single month for the first time since August 2007, Standard & Poor's said in a report released today that this activity is not indicative of a “sustainable rebound.”

CMBS issuance year-to-date, stands at €4.1 billion (€5.2 billion) including those transactions that originators have retained, according to the rating agency. However, CMBS remains only 2% of overall European securitization issuance so far this year.

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