NEW YORK CITY—For CMBS performance, the preceding four weeks have been the merry month of May. Trepp said Friday that the delinquency rate for securitized commercial mortgages has now improved for 12 consecutive months. Separately, Fitch Ratings on Friday gave favorable marks to the outlook for most of the major property sectors.

At month’s end, the CMBS delinquency rate had reached 6.27%, down 17 basis points from April. A year ago, Trepp measured it as 9.07%; it peaked at 10.34% in July 2012.

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