Moody’s published the results of its latest CMBS “delinquency tracker” on Thursday and, as usual, they made for less-than-cheery reading.
The rating agency said the aggregate rate of delinquencies among US CMBS conduit and fusion loans stood at 4.47 per cent as at the end of November, an increase of 46 basis points compared with the prior month. That increase was the largest yet of the economic downturn, Moody’s said.
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See Also:
- CHART OF THE DAY: The Amazing Spiraling Mortgage Delinquencies
- Credit Corrosion Continues With Bank Delinquencies At A Record
- CMBS Update: $32.6 Billion In October Delinquencies (504% YoY Increase)