Fitch: U.S. CMBS Delinquencies Tick Higher in November

NEW YORK–(BUSINESS WIRE)–U.S. CMBS delinquencies climbed higher last month largely due to a shrinking index denominator, according to Fitch Ratings in its latest U.S. CMBS weekly newsletter. Loan delinquencies rose four basis points (bps) in November to 3.29% from 3.25% a month earlier. Resolutions of $527 million exceeded new delinquencies of $410 million. However, delinquencies rose overall due to $8.8 billion of portfolio runoff that significantly exceeded Fitch-rated new issuance volume o