KBRA Assigns Preliminary Ratings to EnFin Residential Solar Receivables Trust 2024-1
KBRA assigns preliminary ratings to three classes of notes totaling $252.86 million issued by EnFin Residential Solar Receivables Trust 2024-1 (“EnFin 2024-1” or the “Issuer”), an ABS transaction secured by residential solar loans.
- KBRA assigns preliminary ratings to three classes of notes totaling $252.86 million issued by EnFin Residential Solar Receivables Trust 2024-1 (“EnFin 2024-1” or the “Issuer”), an ABS transaction secured by residential solar loans.
- Headquartered in Irvine, CA, EnFin was formed in 2021 and began originating residential solar loans in October 2022.
- The Company is a wholly owned subsidiary of Hanwha Qcells (“Qcells”), a leading solar panel manufacturer in the U.S. residential and commercial markets.
- EnFin 2024-1 is collateralized by a pool of solar receivables that are made to mostly prime quality customers to finance residential solar power generation and/or storage systems, including solar panels and any additional products or equipment related to installation.