Fitch Ratings said that the CMBS delinquency rate is set to undergo yet another dip once an impending modification of the $678 million Skyline Portfolio loan is finalized.

U.S. CMBS delinquency fell at a modest pace in August following a record drop in July but September is likely to also see a big drop on the back of the upcoming loan modification. Skyline is currently the second largest delinquent loan in Fitch’s index.

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