KBRA Assigns Preliminary Ratings to SoFi Consumer Loan Program 2017-6
This transaction represents
Founded in 2011, SoFi is located in
SoFi finances loans on its balance sheet through its
Initial credit enhancement levels are 25.07% for the Class A Notes, 13.53% for the Class
KBRA analyzed the transaction using the
In applying the methodology, KBRA analyzed SoFi’s static pool data and the underlying collateral pool. KBRA performed an operational review of SoFi at their
Preliminary Ratings Assigned: SoFi Consumer Loan Program 2017-6 |
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Class | Preliminary Rating | Initial Class Principal | ||||||
A-1 | AA+ (sf) | |
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A-2 | AA+ (sf) | |
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B | A (sf) | |
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C | BBB (sf) | |
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Representations & Warranties Disclosure
All Nationally Recognized Statistical Rating Organizations are required, pursuant to SEC Rule 17g-7, to provide a description of a transaction’s representations, warranties and enforcement mechanisms that are available to investors when issuing credit ratings. KBRA’s disclosure for this transaction can be found in the report entitled SCLP 2017-6, Representations and Warranties Disclosure
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