rDue to eroding property market fundamentals, delinquencies and negative rating actions in Standard & Poor's rated CMBS deals increased in the first quarter, according to a report released today.

Factors such as continuing job losses, travel curtailment, and economic uncertainty post Iraq influenced property performance and contributed to higher delinquency levels, said S&P. Though not all property sectors and markets are feeling the stress equally, the overall dip is broad based.

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