摘要 : Subordination is designed to provide credit risk protection for senior CMBS tranches by allocating the initial credit losses to the more junior tranches. Subordination level should in theory reflect the underlying credit risk of t... 展开
作者 | An~ Xudong Deng~ Yongheng Nichols~ Joseph B. Sanders~ Anthony B. |
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作者单位 | |
期刊名称 | 《The Journal of real estate finance and economics》 |
页码/总页数 | 231-253 / 23 |
语种 | 英语 |
关键词 | Commercial mortgage-backed securities (CMBS) Subordination Credit risk Credit rating agency (CRA) |
DOI | 10.1007/s11146-014-9480-1 |
馆藏号 | F-329 |