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Standard & Poor's North American CMBS Monthly Snapshot - April 2011 May 11 Product Image

Standard & Poor's North American CMBS Monthly Snapshot - April 2011 May 11

  • Published: May 2011
  • Region: North America, United States
  • Standard & Poors

The CMBS delinquency rate increased by 5 basis points (bps) in April, the same as the increase in March. The delinquency rate ended April at 9.17%, and the amount of delinquent loan collateral backing rated CMBS totaled $49.34 billion. Two new transactions ($2.52 billion principal balance) that Standard & Poor's Ratings Services rated in April partially diluted the overall delinquency rate by 7 bps. In total, approximately $3.53 billion in loans became delinquent in April, while $2.38 billion returned to current status and $1.09 billion was liquidated. Delinquency trends were mixed by property type: delinquencies increased for multifamily, retail, and lodging, but they declined for office and industrial. Retail was the only property type to record a new delinquency rate...

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