Standard & Poor's has downgraded Debussy DTC PLC, a European CMBS transaction issued in 2013, in response to slow going on the sell-off of what is effectively failed toy retail giant's Toys R Us's former UK stores portfolio.
Toys R Us CMBS downgraded on delays in sell off of former toy giant's UK stores
Standard & Poor's has lowered its recovery expectations for Debussy DTC, where the securitised debt balance is now £208.2m and the portfolio market value is £177.5m
By Paul Norman
CoStar News
February 12, 2020 | 12:03 P.M.
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IN THIS ARTICLE
- Properties
- Former Toys-R-Us
Trojan Way, Croydon, LND