Moody’s Says Default Risk On New Irish Real Estate Debt Is Low

Barchart · 10/15 03:06
The picture for new real estate lending has improved in recent months, according to a new report.  Moody’s has issued an update saying that the commercial real estate market situation is much better now for new loans than it was in 2021 or 2022. Moody’s said that its default expectation for 2024 loans is very low, with only about 5% anticipated to default, while the risk assessment was around 40% for loans from 2021 and 2022 across Europe. Ireland was eighth in a Moody’s league table of 18 Western European countries rated by risk, in line with ratings for Spain and Germany. The...