Sears Closings Pose ‘Little Risk’ to CMBS, Fitch Ratings Says
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Commercial-mortgage bond holdings probably will not suffer from Sears Holdings Corp.’s closing of as many as 120 stores, according to Fitch Ratings.
Kmart or Sears is listed as the tenant on 255 loans packaged into the securities, Fitch said in a statement yesterday. The value of these loans is $7.74 billion, according to a statement from the rating company in New York.