Commercial Mortgage

Moody’s Stays Negative on Japanese MBS 

Moody’s Investors Service maintains a negative outlook on some asset classes, including mortgages, within Japan’s structured finance market. Of 11 asset classes reviewed, Moody’s takes a stable outlook on five classes including mortgage-backed securities collateralized by ‘conforming’ residential loans. The other six classes keep their negative outlooks, including MBS collateralized by commercial mortgages and ‘other’ residential mortgages. The outlooks on key asset classes remain mixed but are unchanged from Moody’s last report on them in March.