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Commercial Real Estate CDO Delinquencies, Losses Rise in April

Late payments on commercial property loans packaged into collateralized debt obligations climbed 0.7 basis points to 14.8 percent last month, according to Fitch Ratings.

Losses on the debt pools were about $164 million in April, compared with $73 million the prior month, Fitch said in a report today. Delinquencies will likely “fluctuate” between 13 percent and 16 percent for the rest of the year, according to the New York-based rating company.