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NEW YORK CITY-Having yo-yoed up and down over the past several months, delinquency rates for commercial real estate CDOs went back up over 12% for June, Fitch Ratings reported Friday. The ratings agency pinned the increase on $136.9 million in asset manager repurchases of troubled assets.

Nine months ago, Fitch’s CREL CDO delinquency index stood at 8.7%. “CREL CDO delinquencies have more than tripled since September of last year,” senior director Karen Trebach said at the time. While the increases since September 2009 have been far more gradual, and have just as frequently been offset by factors that lowered the delinquency rate for a given month, the rate has exceeded 10% each month since October, peaking at 13% this past December.

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