The Fitch Ratings Commercial Mortgage Backed Securities Group consists of approximately 50 analysts each possessing a thorough understanding of the real estate market including underwriting, originator policies and the practices of mortgage loan servicers. In a market that is highly sensitive to economic change and that is continually devising new types of debt structures, Fitch CMBS has developed forward-thinking rating criteria and investor services that have made Fitch Ratings a leader in CMBS deal and performance analytics. The group's rating process incorporates debt service coverage and loan-to-value analysis; reviews of historical financial statements and re-underwriting of sample loans; property tours and on-site management visits; originator and loan file reviews; and legal document review.
Coverage
Fitch CMBS rates all types of mortgage backed fixed income securities in the U.S., including:
> Multiple-borrower, multiple asset
> Credit tenant lease-backed
> Real Estate related CDO's
> Single-borrower, multiple asset
> Nonperforming assets
> Single-borrower, single asset
