Payment moratoria amid the coronavirus pandemic apply widely to collateral across structured finance markets in Europe and will stave off some defaults, but will only delay them for other borrowers who suffer prolonged financial hardship or were previously struggling financially, Moody's Investors Service said in a report this week.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
