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TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.
Moody's expects $375 billion in losses in the $3.5 trillion commercial mortgage and commercial mortgage-backed securities markets in the next 18 months. Standard & Poor's predicts "unprecedented stress" in those markets.
Life insurers held $328 billion in commercial mortgages at the end of December. Prudential Financial(PRU Quote) is more exposed than most, with $32 billion in mortgage loans representing 296% of the company's capital and surplus plus reserves. But does it matter? ...
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