KBRA Affirms All Ratings For BBCMS 2024-C26
14 May 2026 | New York
KBRA affirms all of its outstanding ratings for BBCMS 2024-C26, an $807.9 million CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited a worsening in pool performance since securitization; however, the magnitude of the changes does not warrant ratings adjustments at this time.
As of the April 2026 remittance period, there are four specially serviced assets (10.8% of the pool balance), of which one (1.0%) is in foreclosure and three (9.8%) that are delinquent. KBRA identified six K-LOCs (13.5%), including the specially serviced assets, of which two (2.9%) have estimated losses. The K-LOCs are depicted in the table below:
Excluding the K-LOCs with estimated losses, the transaction's WA KLTV is 95.3%, compared to 90.8% at last review, and 90.2% at securitization. The WA KDSC is 1.48x, compared to 1.52x at last review, and 1.53x at securitization.
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