NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) announces the release of its methodology for rating consumer loan ABS transactions.
This report describes KBRA’s rating methodology for U.S. consumer loan asset-backed securities (“Consumer Loan ABS”). This includes transactions secured by collateral originated by traditional consumer loan companies, as well as, through online consumer loan marketplace lending platforms (“MPL Platform”). KBRA’s rating of a Consumer Loan ABS transaction incorporates an analysis of the quality and expected performance of the underlying collateral, the business model and operational capabilities of the originator/MPL Platform and servicer and the transaction terms, including capital structure, credit enhancement and legal structure.
To view the report, please click here.
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About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).