Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Assigns Preliminary Ratings to Octane Receivables Trust 2021-1
April 21, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 21, 2021
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Octane Receivables Trust 2021-1 (“OCTL 2021-1”), a powersports equipment loan ABS transaction.
OCTL 2021-1 will issue three classes of notes totaling $305.0 million. The transaction is expected to be collateralized by approximately $305.0 million of fixed rate installment loans, made to prime and non-prime borrowers as of the closing date. The preliminary ratings reflect the initial credit enhancement levels ranging from 16.85% for the Class A notes to 1.00% for the Class C notes, which build to 20.85% and 5.00% for the Class A and Class C notes, respectively.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Assigns Preliminary Ratings to BHG Securitization Trust 2021-A
April 20, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 20, 2021
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by BHG Securitization Trust 2021-A (“BHG 2021-A”), an asset-backed securitization collateralized by a pool of small business loans (“Commercial Loans”) and unsecured consumer loans (“Consumer Loans”).
BHG 2021-A will issue three classes of notes totaling approximately $273.9 million. The preliminary ratings reflect initial credit enhancement levels of 22.90% for the Class A Notes, 11.40% for the Class B Notes, and 7.50% for the Class C Notes.