Fitch Ratings said that the number of defaulted European CMBS loans is likely to increase, despite recent improvements in the sector.

 In a performance update published today, the agency said that over 10% of loans in non-granular European CMBS rated by the agency are now in some form of default. In Q1 2010 ten further loans defaulted as they failed to make the final repayments at their scheduled maturity dates, while others missed ongoing interest and principal payments.

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