U.S. CMBS delinquencies declined for the fourth straight month, according to the latest index results from Fitch Ratings.
CMBS late-pays fell two basis points (bps) last month to 8.37% from 8.39% in August. Several notable loans were also paid in full this past month. While encouraging on the surface, a closer look reveals that they were paid off only after refinancing delays.
Read more...TEXT-Fitch:U.S. CMBS delinquencies fall again;large loans pay off despite delays | Reuters
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