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Old 9/13/10, 1:37 PM
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Default Commercial loan delinquencies top 8%.
According to Fitch Ratings, the delinquency rate on commercial loans reached 8.48%, a 23 basis point increase from July. There were $3.1 billion in new delinquencies, driven mostly by five loans recent defaults of loans worth more than $100 million. Another credit-rating agency Moody's reported the delinquency rate increased 21 bps to 8.1% in August. An analytics firm Trepp also reported the delinquency rate on commercial loans at 8.92%.

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