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Slump to continue: Standard & Poor`s Corp. said Tuesday the problem-loan workout period for U.S. banks with significant commercial real estate exposure will be ”protracted and losses will have a long tail, reaching substantially higher levels than they have to date.” While non-performing commercial real estate loans are leveling off, the overhang of heavy loan losses should retard rating increases for the banking industry, according to the New York-based ratings firm. It added, ”Serious questions remain over what the ultimate loss experience for commercial real estate might be.”
