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CMBS and CRE CLOs - US

2021 Outlook — Starkly bifurcated recovery ahead for commercial real estate

“"The shock of the pandemic-driven recession will continue to weigh on commercial real estate securitization markets in 2021. The time it takes for the different collateral types to recover from pandemic-related disruptions will vary dramatically, with loans backed by hotel and retail properties taking by far the longest.”
Kevin Fagan
Vice President - Senior Credit Officer
Moody's Investors Service