KBRA Assigns Preliminary Ratings to Mosaic Solar Loan Trust 2021-1
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-1 (Mosaic 2021-1), an asset-backed securitization collateralized by a pool of residential solar loans.
- Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-1 (Mosaic 2021-1), an asset-backed securitization collateralized by a pool of residential solar loans.
- The collateral pool of Mosaic 2021-1 will include approximately $350.0 million of residential solar loans, which composes of $225.0 million in loans at closing and $125.0 million in additional prefunded solar loans.
- The preliminary ratings reflect the initial credit enhancement levels ranging from 44.58% for the Class A notes to 6.58% for the Class D notes.
- Solar Mosaic, Inc. (Mosaic or the Company) is a California-based specialty finance company focused on originating and servicing consumer loans used for the purchase of residential solar systems.