CMBS delinquencies in the U.S. have reached a new record high as a result of a slew of new late-pays along with below-average loan resolutions last month, Fitch Ratings analysts said.

Close to $3 billion of new delinquencies in July outpaced the $1.4 billion of resolutions from the index. This led to a 37-basis point increase to 9.01% ― surpassing the previous high water mark of 8.81% recorded in May 2011.

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