Fitch Inc. said Monday that its February commercial mortgage-backed securities loan delinquency index rose 13 basis points from January, to 1.28%, because retail performance declined for the sixth time in the last seven months.

"As expected, a prolonged decline in consumer spending has forced weaker retailers out of the market, in turn placing significant stress on commercial real-estate fundamentals," said Susan Merrick, the head of Fitch's U.S. commercial mortgage-backed securities group.

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