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NEW YORK CITY-In terms of basis points, the pace of CMBS defaults may have moderated in the past few quarters, but it has now cumulatively climbed above the 10% mark, Fitch Ratings said Friday. Defaults for fixed-rate US CMBS jumped 112 basis points in the third quarter to 10.6%, the ratings agency said, compared to a 133-bps rise to 9.48% at the end of the second quarter.

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