Investing

Spanish SME CLOs well protected despite real estate exposure

Spanish SME CLO ratings are resilient in scenarios where the collateral performance significantly deteriorates but sovereign or counterparty risk does not increase, according to a new report by Fitch Ratings. This is despite their exposure to the real estate sector. Under a severe stress, no losses are expected for 'AA-sf' tranches, the highest rating achievable for Spanish structured finance transactions.

Manhattan Home Prices Steady in Second Quarter of 2012

Prices and sales volume for Manhattan real estate were unchanged in the second quarter of 2012, largely due to the continued decline in inventory, low interest rates and increased foreign investment.

China's House Prices Up After 9 Months

The average home price in China's 100 major cities edged up 0.05 percent in June from May, up for the first time in 10 months and manufacturing indicators beat forecasts.