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- eenstudent
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CMBS question
A certain CMBS has a Moody's stressed DSCR of 2.2, put to, as I understandit, make available an extra pool of cash to help meetinterest/principal obligations of the notes. Does this mean thatthe notional amount of the notes or of the underlying revenuestream is overcollateralized? Is the overcollateralization a mere2.1%, or instead 110%?Thanks in advance