SEC Sues Morningstar Over CMBS Ratings
The firm allegedly made undisclosed changes to its ratings model that allowed issuers to shortchange investors on interest.
Kroll Fined $2M for Violating Credit-Rating Rules
The SEC says Kroll failed to comply with rules for determining the ratings of commercial mortgage-backed securities and CLO Combo Notes.
CMBS Delinquency Rate Rises Again in March
As measured by Trepp, the delinquency rate has increased in 11 of the past 13 months and, at 5.37%, is now 115 basis points higher than a year ago.