Benchmark 2024-V11 continues to show largely stable collateral performance in KBRA's latest surveillance review of the $1.0 billion CMBS conduit transaction. The review identifies one specially serviced asset, representing 1.8% of the pool balance, that is more than 90 days delinquent and carries an estimated loss.
Highlights
- KBRA affirms all outstanding ratings for Benchmark 2024-V11 CMBS, citing stable pool performance after its latest surveillance review.
- As of the October 2026 remittance, one specially serviced asset representing 1.8% of the pool balance is 90+ days delinquent with an estimated loss.
- Excluding the K-LOC, the weighted-average KBRA loan-to-value ratio increased to 92.7% while the debt service coverage ratio held steady at 1.64x.
Surveillance review highlights stable pool metrics
As reported by Kroll Bond Rating Agency, all outstanding ratings for Benchmark 2024-V11 are affirmed after a surveillance review found the transaction's overall pool performance remains stable compared with securitization.As of the October 2026 remittance period, the deal has one specially serviced asset, equal to 1.8% of the pool balance, that is 90 or more days delinquent. KBRA identifies that specially serviced loan as a K-LOC and says it has an estimated loss.
Credit indicators and transaction implications
Excluding the K-LOC with an estimated loss, the transaction's weighted-average KBRA loan-to-value ratio is 92.7%, compared with 91.6% at the last review and 91.8% at securitization.The weighted-average KBRA debt service coverage ratio is 1.64x, unchanged from the last review and broadly in line with 1.65x at securitization. The latest figures indicate that, aside from the delinquent specially serviced asset, credit performance across the conduit pool remains broadly steady.
Earlier, we outlined how IMF forecasts pointed to an uneven European recovery shaping credit market conditions across the region.
Latest KBRA News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
