P11 Commercial Mortgage Trust 2025-P11: Credit Rating Report

Summary

DBRS, Inc. (Morningstar DBRS) finalized its provisional credit ratings on the Commercial Mortgage Pass-Through
Certificates, Series 2025-P11 issued by P11 Commercial Mortgage Trust 2025-P11.

Available Documents

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
31-Jul-25	P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class A	AAA (sf)	Stb	Provis.-Final	US
31-Jul-25	P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class B	AA (sf)	Stb	Provis.-Final	US
31-Jul-25	P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class C	A (sf)	Stb	Provis.-Final	US
31-Jul-25	P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class D	BBB (low) (sf)	Stb	Provis.-Final	US
31-Jul-25	P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class E	BB (sf)	Stb	Provis.-Final	US
31-Jul-25	P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class HRR	BB (low) (sf)	Stb	Provis.-Final	US

More

P11 Commercial Mortgage Trust 2025-P11

P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class A

Date Issued:Jul 31, 2025
Rating Action:Provis.-Final
Ratings:AAA (sf)
Trend:Stb
Rating Recovery:
Issued:US

P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class B

Date Issued:Jul 31, 2025
Rating Action:Provis.-Final
Ratings:AA (sf)
Trend:Stb
Rating Recovery:
Issued:US

P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class C

Date Issued:Jul 31, 2025
Rating Action:Provis.-Final
Ratings:A (sf)
Trend:Stb
Rating Recovery:
Issued:US

P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class D

Date Issued:Jul 31, 2025
Rating Action:Provis.-Final
Ratings:BBB (low) (sf)
Trend:Stb
Rating Recovery:
Issued:US

P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class E

Date Issued:Jul 31, 2025
Rating Action:Provis.-Final
Ratings:BB (sf)
Trend:Stb
Rating Recovery:
Issued:US

P11 Commercial Mortgage Trust 2025-P11 Commercial Mortgage Pass-Through Certificates, Series 2025-P11 Class HRR

Date Issued:Jul 31, 2025
Rating Action:Provis.-Final
Ratings:BB (low) (sf)
Trend:Stb
Rating Recovery:
Issued:US

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P11 Commercial Mortgage Trust 2025-P11: Credit Rating Report

Summary

Available Documents