Monitoring “The Stuff That Counts”: Shopko’s Closures Minimally Affect CMBS Transactions

  Introduction The store closures announced by Shopko will likely have a minimal impact on commercial mortgage-backed securities (CMBS) in aggregate; however, DBRS, Inc. (DBRS) does see the potential for localized defaults as the company rejects leases across the country. In addition, the closures highlight the risk of exposure faced by retailers owned by private Continue reading Monitoring “The Stuff That Counts”: Shopko’s Closures Minimally Affect CMBS Transactions