Commercial real estate markets hold steady

NEW YORK – April 24, 2008 – A new report by Moody’s Investors Service indicates that six of the seven commercial property types held their ground at the end of the first quarter. Limited service hotels bucked the trend, with scores declining to 64 on Moody’s scoring system, from 77 in the fourth quarter of 2007.

The ratings agency’s scoring system assigns scores of 0 to 100, with a higher score indicating better performance. A traffic light analogy further defines performance, with green indicating the highest-scoring performance (67 to 100), yellow for average (34 to 66), and red for the worst performance (0 to 33).