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Blackstone Seen Struggling to Refinance Finnish Portfolio

Fitch Downgrades FROSN-2018 DAC CMBS Notes Ahead of February Maturity
The largest properties in the portfolio are in Helsinki. (Getty Images)
The largest properties in the portfolio are in Helsinki. (Getty Images)

Rating agency Fitch has downgraded six classes of notes of Blackstone Group’s Finnish commercial mortgage-backed securities as it believes the private equity firm will struggle to refinance the underlying loan, which matures in February.

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