Kroll Bond Rating Agency Assigns Preliminary Ratings to SoFi Consumer Loan Program 2016-5
This transaction represents
Founded in 2011, SoFi is located in
SoFi finances loans on its balance sheet through its
Initial credit enhancement levels are 25.20% for the Class A Notes and 15.05% for the Class
KBRA applied its General Rating Methodology for Asset-Backed Securities as part of its analysis of the transaction’s underlying collateral pool, the proposed capital structure and SoFi’s historical gross loss data. KBRA also conducted an operational assessment of the SoFi’s Platform, as well as a review of the transaction’s legal structure and transaction documents. KBRA will review the operative agreements and legal opinions for the transaction prior to closing.
For complete details on the analysis, please see KBRA’s Presale Report, SoFi Consumer Loan Program 2016-3 Presale Report, which was published today at www.kbra.com.
Preliminary Ratings Assigned: SoFi Consumer Loans Program 2016-5 | ||||||||
Class | Preliminary Rating | Principal Balance | ||||||
A | A+(sf) | |
||||||
B | BBB+(sf) | |
About
KBRA is registered with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20161114006274/en/
Analytical Contacts:
[email protected], (646) 731-2456
or
[email protected], (646) 731-2309
or
[email protected], (646) 731-2337
or
[email protected], (646) 731-2492
or
Follow us on Twitter!
@KrollBondRating
Source:
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News