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Introduction to CMBS The Anatomy of a CMBS. Introduction to CMBS Rating CMBSs.

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Presentation on theme: "Introduction to CMBS The Anatomy of a CMBS. Introduction to CMBS Rating CMBSs."— Presentation transcript:

1 Introduction to CMBS The Anatomy of a CMBS

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3 Introduction to CMBS Rating CMBSs

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8 Introduction to CMBS Debt Service Adjustments

9 Introduction to CMBS Rating CMBSs

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13 Introduction to CMBS Expected Cash Flows

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18 Introduction to CMBS Required Subordination

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21 Introduction to CMBS CMBS Risks

22 Introduction to CMBS Default Risk

23 Introduction to CMBS 2006 Fitch US CMBS Default Study: 1993-2005

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27 Commercial Property Mortgages Loss Severity

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29 Introduction to CMBS The Anatomy of a CMBS


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