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EconomyPimco Faces AAA Debt Loss After 85% Writedown of Office Complex

Pacific Investment Management Co. is facing severe losses on a commercial mortgage-backed security linked to a two-tower office complex in downtown Philadelphia after the property suffered an 85% writedown.

PimcoPhiladelphiacommercial real estatedebt writedown

BBloomberg News★★☆☆☆2026-09-26 00:00Original

Pimco Faces AAA Debt Loss After 85% Writedown of Office Complex
Pimco Faces AAA Debt Loss After 85% Writedown of Office ComplexEconomy