Thursday, August 20, 2009
Fitch Details Reviews of U.S., European Bank CRE Exposure
Given the degree of deterioration and the substantial exposure of many U.S. and European banking and thrift institutions to Commercial Real Estate, Fitch Ratings has recently launched an information survey aimed at obtaining more granular data on the CRE portfolios of the institutions it rates.
US: While CRE loans, excluding the more problematic construction and development portfolios, represent more than 125% of total equity for the 20 largest US banks rated by Fitch, the risk is even higher for banks with less than $20 billion in assets, as average CRE exposure represents more than 200% of total equity for these institutions...
Seeking Alpha: Fitch Details Reviews of U.S., European Bank CRE Exposure
US: While CRE loans, excluding the more problematic construction and development portfolios, represent more than 125% of total equity for the 20 largest US banks rated by Fitch, the risk is even higher for banks with less than $20 billion in assets, as average CRE exposure represents more than 200% of total equity for these institutions...
Seeking Alpha: Fitch Details Reviews of U.S., European Bank CRE Exposure
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