Real Estate/Development
Oct. 29, 2002
Moody's Downgrades CMBS on Lack of Terrorism Insurance
BY DEAN STARKMAN Dow Jones Newswires Moody's Investors Service , following through on an earlier warning, downgraded $4.5 billion in commercial mortgage-backed securities because owners of some high-profile skyscrapers haven't been able to buy terrorism insurance, and Congress hasn't passed a bill to provide a government-backed plan.
BY DEAN STARKMAN
Dow Jones Newswires
Moody's Investors Service, following through on an earlier warning, downgraded $4.5 billion in commercial mortgage-backed securities because owners of some high-profile skyscrapers haven't been able to buy terrorism insuranc...
Dow Jones Newswires
Moody's Investors Service, following through on an earlier warning, downgraded $4.5 billion in commercial mortgage-backed securities because owners of some high-profile skyscrapers haven't been able to buy terrorism insuranc...
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