CMBS Delinquencies Seen Declining

Delinquencies on commercial mortgage-backed securities continued to decline in July, according to Fitch Ratings.Based on an index maintained by the rating agency, delinquencies on the securities dropped down to 1.07% in July, from 1.10% in June. In January, the index was at 1.27%, Fitch said. The industrial sector has seen a 12% decline in delinquencies, thanks to a resolution on six assets. The credit quality of seasoned CMBS transactions continues to improve as delinquencies decline and distressed assets are resolved quickly,” said Adam Fox, a Fitch Ratings director.