Delinquency Rate Edges Back Up, Last-Minute Refinancing for HSBC Tower, Lending Sentiment Plunges

Delinquency Rate Edges Back Up: The overall CMBS delinquency rate increased by 0.04% month over month to 2.6% in June, according to an S&P Global analysis. That is a rare reversal of monthly delinquency rate declines that the CMBS market has seen since the peak of COVID-19 disruption in the summer of 2020, the bond rating firm said. The delinquency rate increased for all property types except hotels. Retail properties saw the largest increase at 0.1%.