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The fallout from Bed Bath & Beyond Inc.’s bankruptcy continues, with Moody’s weighing the impact of the troubled home goods retailer’s demise on commercial mortgage-backed securities (CMBS) loans.
“Moody’s has identified approximately 135 CMBS loans with a total balance of approximately $3.6 billion—or less than 1% of the CMBS universe we rate—with exposure to Bed Bath & Beyond as a top five tenant,” wrote Moody’s Vice President of Structured Finance, Matthew Halpern, in a note Wednesday. “The size of the exposure in our rated…
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