European CMBS Transactions’ Risk Exposure to Coronavirus (COVID-19) Effect

As the Coronavirus Disease (COVID-19) continues to spread, all aspects of the economy, including consumers and businesses, are under extraordinary pressure. Across Europe, governments and central banks have taken unprecedented measures to mitigate the negative economic effects of this pandemic. These include unemployment income support, tax deferral or waivers, moratoria on loan payments and, measures supporting credit supply to businesses. This commentary summarises the impacts expected by DBRS Morningstar on different property types and maturity profiles.