U.S. CMBS delinquencies closed out 2012 with seven straight months of declines, while late-pays on office and retail loans bear close watch this year, according to the latest index results from Fitch Ratings.
CMBS delinquencies fell 18 basis points (bps) last month to 7.99% from 8.17% a month earlier. In December, resolutions of $1.7 billion outpaced additions to the index of $1 billion. In addition, $4 billion in new Fitch-rated deals closed in December. No loans over $100 million transferred into the index last month, the second straight month this has occurred.
Read more...TEXT-Fitch: U.S. CMBS delinquencies finish 2012 below 8%; office & retail struggle | Reuters
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