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Fitch U.S. CMBS Teleconference Today, 11:00 am EST.


Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 9, 2003

Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris.
 will be hosting a conference call to discuss its views on loan participation structures in the commercial mortgage-backed securities Commercial mortgage-backed securities (CMBS) are a type of bond commonly issued in American security markets. They are a type of Mortgage-backed security which are backed by mortgages on commercial rather than residential real estate.  (CMBS CMBS

See: Commercial Mortgage Backed Securities
) market, as well an provide outlook on retail CMBS performance. The call will take place this morning at 11:00 am (EST EST electroshock therapy.

EST
abbr.
electroshock therapy
) and be led by Senior Director Dan Chambers, who will be discussing loan participation structures, and Director Joe Kelly Joe Kelly is a common name that can refer to different people:
  • Joe Kelly (author), an author.
  • Joseph Patrick Kelly, a Professor of English.
  • Joe Kelly (comedy writer), a comedy writer (currently employed on Saturday Night Live).
, who will discuss retail CMBS. Prepared remarks will last approximately twenty minutes, followed by a question-and-answer session.

Participants should +1-888-266-3888 to access the call. Please dial into the call ten minutes prior to the start time to avoid delays. A replay of the call will be available for two weeks by dialing +1-800-642-1687 for all U.S. participants, and +1-706-645-9291 for overseas participants. The access code for the replay is '4421841'.

The two criteria pieces recently published by Fitch ('Participated CMBS Loans: Too Many Cooks in the Kitchen?', and, 'Retail's Performance within US CMBS: Is it really in the bag?'), are both available on the Fitch Ratings web site at 'www.fitchratings.com'.
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Publication:Business Wire
Date:Dec 9, 2003
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