Fitch: Cumulative CMBS Defaults Keep Pace at 13.2% via MarketWatch

Fitch Ratings' U.S. CMBS cumulative default rate for fixed-rate CMBS increased 25 basis points to 13.2% as of the second quarter of 2012 (2Q'12).

The steady increase in the default rate has so far in 2012 has been slightly better than Fitch's expectations. Earlier this year, Fitch predicted that cumulative defaults would reach 14.5% by year end 2012.

Read more...Fitch: Cumulative CMBS Defaults Keep Pace at 13.2% - MarketWatch