Press Release|CMBS
KBRA Affirms All Ratings for BANK5 2023-5YR1
17 Apr 2024 | New York
KBRA affirms all of its outstanding ratings for BANK5 2023-5YR1, a $1.0 billion CMBS conduit transaction. The affirmations follow a surveillance review of the transaction, which has exhibited overall stable pool performance since securitization.
As of the March 2024 remittance period, there are no delinquent or specially serviced loans, and no loans have been identified as K-LOCs.
The transaction's WA KLTV is 88.8%, compared to 89.1% at securitization. The WA KDSC is 1.69x, unchanged from securitization.
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