04.06.2015 21:24:00
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Moody's: B-piece coupon stripping raises credit risks in US CMBS
New York, June 04, 2015 -- The practice of B-piece coupon stripping increases the risk of interest shortfalls and credit losses in investment-grade classes of US conduit commercial mortgage-backed securities (CMBS) given the slippage in CMBS collateral quality over the past two years, says Moody's Investors Service.