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"It's important for the ratings agency to know," said Fitch Ratings' Britt Johnson. "Otherwise, we will be making more conservative assumptions on loss expectations."
Dozens of unsold units at the beachfront condo-hotel are expected to end up in the hands of the lender, which offered a $43 million credit bid in a bankruptcy auction that drew no bidders.
A new report from Moody's Analytics shows retail property growth will fare worse than office properties, while industrial and multifamily properties are expected to fare better.