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Fitch Puts Mount Street's US Arm on Rating Watch Negative Amid Transparency Concerns

Rating Agent Criticises Lack of Information on Delinquent $350 Million Securitised Loan Workout
The CMBS deal Fitch cited, BBCMS 2019-BWAY, is a $350 million loan on 1407 Broadway, an office building in New York’s Penn Plaza-Garment District market. (CoStar)<br>
The CMBS deal Fitch cited, BBCMS 2019-BWAY, is a $350 million loan on 1407 Broadway, an office building in New York’s Penn Plaza-Garment District market. (CoStar)

Rating agency Fitch has put the US arm of London-based loan servicer Mount Street on rating watch negative amid concerns over transparency.

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