Bankruptcy

Retail Hurts CMBS Performance: Fitch 

The struggling retail and hotel sectors have hit commercial mortgage-backed securities (CMBS) performance, and loans collateralized by office space may be the next to take a hit. Of the largest mortgages transferred to special servicers — firms that handle loans that are delinquent or on the verge of non-performance — four are collateralized by retail developments, according to a Fitch Ratings report issued Wednesday.