Repayment of loans in European commercial mortgage-backed securities declined in January, according to Fitch Ratings. The firm’s CMBS Maturity Repayment Index slipped from 38.8% to 36.1% during the month, caused by the large proportion of loans maturing in January that were not redeemed. Only two of 23 loans were redeemed, thus raising the outstanding matured balance by 27.6% to €5.95 billion ($8.16 billion).

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