Commercial mortgage-backed securities issuance worldwide totaled $104 billion in 2002, according to Moody's Investors Service.Among the countries and regions contributing to that total, Moody's said, were the United States, where $66 billion in CMBS came to market in 2002; Europe, where approximately 29 billion euros (about $31 billion) was issued; and Canada, where approximately C$2 billion (about $1.3 billion) came to market. The rating agency said it expects that U.S. CMBS issuance will rise slightly in 2003 and that combined issuance outside the United States will inch downward. Moody's can be found online at http://www.moodys.com.
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