- Fitch: U.S. CMBS Loan Defaults Fall for Fourth Straight Year “U.S. CMBS loan defaults dropped for the fourth consecutive year and to their lowest level since 2008, according to Fitch Ratings in its annual U.S. CMBS loan default study. Fitch reported an annual default rate of 0.9% for CMBS in 2013 (compared with 1.2% in 201
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