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03.06.26 - 21:18
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KBRA Assigns Preliminary Ratings to UK Logistics 2026-2 DAC (Business Wire)
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LONDON--(BUSINESS WIRE)--#creditratingagency--KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of UK Logistics 2026-2 DAC, a CMBS single-borrower transaction.
The collateral for the transaction is a £648.8 million limited recourse, first lien mortgage loan originated by Barclays Bank PLC in June 2026. The floating-rate loan has an initial two-year term and three one-year extension options.
The loan is secured by the borrower's freehold (159 assets) and long leasehold (25 assets) interests in a portfolio of 184 industrial properties located throughout the UK with concentrations in the North, Midlands, and Scotland regions, representing 44.9%, 17.6%, and 16.9% of ALA, respectively. The portfolio comprises approximately 1,960 units, totaling 9.5 million square feet.
As of December 2025, the properties are 91.7% leased to approximately 1,700 unique tenants, comprising a variety of multinational, regional, and local firms.
KBRA analysed this transaction primarily us...
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03.06.26 - 20:06
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Ray Dalio Sounds the AI Bubble Alarm | Open Interest 6/3/2026 (Bloomberg)
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SpaceX charges toward a blockbuster IPO at $135 a share, while Ray Dalio warns the AI boom is showing classic bubble behavior. Private equity jitters grow as Partners Group caps fund withdrawals. We get insight from Ares Management co-founder and CEO Michael Arougheti who says the private credit market remains strong. Citizens CEO Bruce Van Saun joins "Bloomberg Open Interest" on AI's banking revolution, and we explore why private equity is making a massive bet on tennis.
Get a jump start on the US trading day with Matt Miller and Dani Burger on Bloomberg Open Interest. (Source: Bloomberg)...
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