For the ninth consecutive month, delinquency rates on commercial mortgage-backed securities declined, falling from 7.91% in January to 7.61% in February, according to Fitch Ratings. The rating agency expects the trend to continue. "With many loans over $100 million still in the index, steep month-over-month declines in CMBS delinquencies are likely to continue as larger loans get resolved," said Mary MacNeill, managing director at Fitch.

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