NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to three classes of notes issued by Oxford Finance Funding Trust 2023-1 (the “Issuer” or “Oxford 2023-1”). Oxford 2023-1 is serviced by Oxford Finance LLC (“Oxford”) who has been the servicer for multiple healthcare loan ABS transactions. Oxford is also the originator of the Initial Loans and will be retaining the equity in Oxford 2023-1.
As of January 6, 2023, the composition of the statistical loans (the “Statistical Pool”) will consist of 61 loans to 45 obligors with an aggregate outstanding loan balance of approximately $484.3 million (“Statistical Pool Balance”). The loans have an average original term and original balance of 51 months and $485.6 million, respectively. The exposures to the Healthcare Services Loans and Life Sciences Loans will be approximately 72.1% and 27.9% of the Statistical Pool Balance, respectively. Unless noted otherwise, all statistics put forth are based on the Statistical Pool Balance.
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Related Publications
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- ESG Global Rating Methodology
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Disclosures
Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.
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