With the lack of sufficient terrorism insurance coverage for single-asset CMBS deals becoming a major issue in the past few weeks (see story p. 1), rating agencies are starting to develop their own frameworks for looking at this particular risk.

Fitch Ratings will be coming out with a framework in about two weeks that would look at the level of risk for collateral in single-asset-type transactions, trying to determine how a terrorist act would affect the ratings on bonds associated with these assets.

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