Six of seven property types in U.S. commercial mortgage-backed securities showed improvement in the fourth quarter, according to Moody’s Investors Service. The six recorded so-called “yellow” scores, indicating average strength, with the multifamily sector the only one to receive a strong score. Moody’s reports that 55% of all U.S. markets likewise received yellow scores, an indication that while the CMBS continues to recover, “a comfortable point of stability has not yet been reached,” says Keith Banhazi, a v.p. at the firm.

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