U.S. CMBS delinquencies rose two basis points in July, ending the month at 0.43%, as reported by the Fitch Ratings Loan Delinquency Index.

"We see substantial differentiation in the performance of small balance pools, compared to that of traditional CMBS pools," said Susan Merrick, Fitch managing director and U.S. CMBS group head. "For instance, Fitch’s year-to-date upgrade-to-downgrade ratio of 2.5-to-1 for traditional CMBS was driven to 1.5-to-1 when small balance transactions were factored in."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.