Lehman Brothers' filing for protection under U.S. Chapter 11 is likely to lead to some rating action on a number of European CMBS transactions, says a Barclays Capital research note.

“Inevitably, any forced sales of either Lehman-owned buildings, commercial mortgage loans or ABS bonds will have a negative impact on the overall market for these assets,” reported Hans Vrensen, director and head of securitization research at Barclays.

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