S&P Global Ratings

With the European commercial real estate market facing asset price inflation risks, analyst Mathias Herzog joins us this week to discuss the region's CMBS performance. We discuss key European market trends and how they impact our ratings, noting that generally, ratings will be lower on new transactions with the same leverage as measured by the underlying assets' market value. For existing ratings, there will be no change from these developments alone. We also touch on our outlooks for certain European CMBS subsectors. Related Article: Asset Price Risks: How Safe Is European CMBS Performance In The Face Of Rising Real Estate Values?