In this episode, Gordon Kerr, Head of European Research speaks with Stephen Hughes and Stacy Gross from the CMBS ratings team about the impact of the current rising interest rate environment on commercial real estate in Europe. We engage in a discussion about the potential impact of rates on commercial real estate loans, and commercial mortgage backed securities. Rate increases can have an impact on valuations and refinancings, impacting loan covenants and structures. Further reading on the topic can be found on kbra.com.