Delinquencies of U.S. commercial mortgage-backed securities rose in February, according to Fitch Ratings. Fitch said the percentage of delinquencies advanced to 6.29%, up from 6% in January, with five-year loans originating in 2005 accounting for 30% of the new loan delinquencies. The credit rating agency said that for the first time, the percentage of office property delinquencies increased by a bigger amount than the overall average—up 0.45 percentage points, compared with 0.29, to 3.5%. Hotels still top the list with 16.6% delinquencies.
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