Fitch headquarters in Lower Manhattan Fitch Ratings headquarters in Lower Manhattan.

NEW YORK CITY—Continuing the momentum identified by CBRE in its second-quarter Lending Momentum Index earlier this month, CMBS issuance in July reached $9.4 billion, Fitch Ratings said Friday. The strong new issuance volume went a long way toward the biggest monthly decline in delinquencies for Fitch-rated CMBS since January 2016, when the Peter Cooper Village/Stuyvesant Town loan was resolved.