Moody’s Analytics, announced that it has acquired full ownership of Commercial Mortgage Metrics (CMM), an analytical model for assessing default and recovery risk for commercial real estate (CRE), from CBRE Econometrics Advisors.  Moody’s Analytics now has exclusive control of product development, which will streamline plans for further product improvements and integration of CMM

CMM is a powerful tool that quantifies the probability of default (PD) and loss given default (LGD) for multi-family, retail, industrial, office and hotel properties, allowing financial institutions and other market participants to quickly screen loans, detect credit deterioration, and accurately and consistently price for credit risk.

Moody’s Analytics is a leading provider of research, data, analytic tools and related services to debt capital markets and credit risk management professionals worldwide. The company’s products and services provide the means to assess and manage the credit risk of individual exposures as well as portfolios; price and value holdings of debt instruments; analyze macroeconomic trends; and enhance customers’ risk management skills and practices. Moody’s Analytics is a subsidiary of Moody’s Corporation (NYSE: MCO), which reported revenue of $1.8 billion in 2008, employs approximately 4,000 people worldwide and maintains a presence in 27 countries.

Additional information about the company is available at  

BIIA Newsletter March I – 2010 Issue