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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.

New yorkUnited statesUnited kingdomZara shiraziTed burbageEric negliaMichael pettigrewBusiness development contactOntario securities commissionUnited kingdom financial conduct authorityKroll bond rating agency europeOctane lending incKroll bond rating agency united kingdomKroll bond rating agencyExchange commissionOctane receivables