Anticipated Recession Drives 2023 US CMBS Delinquency Forecast Higher

December 9, 2022

Article by:  Fitch Ratings

Fitch Ratings projects its U.S. CMBS loan delinquency rate will increase significantly to between 4.0% and 4.5% by YE 2023 from 1.89% as of October 2022, as higher interest rates, persistent inflation and weak economic growth contribute to more maturity defaults. Fitch expects the U.S. economy to enter a mild recession in mid-2023.

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