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KBRA Assigns Rating to Oban Cards 2021-1 PLC
January 28, 2021 GMT
LONDON (BUSINESS WIRE) Jan 28, 2021
Kroll Bond Rating Agency UK Limited (KBRA) assigns a rating to the Series 2021-1 Class A Notes relating to the Oban Card 2021-1 PLC transaction, a £451.3 million securitisation of United Kingdom (“UK”) non-prime credit card receivables originated by Vanquis Bank Limited (“Vanquis Bank”).
Vanquis Bank offers a range of credit card products, unsecured personal loans and savings products. Vanquis Bank is a leading issuer of credit cards in the UK non-standard credit market, offering credit cards to customers who have typically been declined by mainstream credit card providers. Vanquis Bank has been active in the credit card market in the UK since 2003 and is wholly-owned by Provident Financial PLC (“Provident”), which was established in 1880.
Kroll Bond Rating Agency: KBRA Assigns Rating to Oban Cards 2021-1 PLC
Kroll Bond Rating Agency UK Limited (KBRA) assigns a rating to the Series 2021-1 Class A Notes relating to the Oban Card 2021-1 PLC transaction, a £451.3 million securitisation of United Kingdom ( UK ) non-prime credit card receivables originated by Vanquis Bank Limited ( Vanquis Bank ).
Vanquis Bank offers a range of credit card products, unsecured personal loans and savings products. Vanquis Bank is a leading issuer of credit cards in the UK non-standard credit market, offering credit cards to customers who have typically been declined by mainstream credit card providers. Vanquis Bank has been active in the credit card market in the UK since 2003 and is wholly-owned by Provident Financial PLC ( Provident ), which was established in 1880.