KBRA Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2021-A
b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2021-A (\xe2\x80\x9cGSFMT Series 2021-A\xe2\x80\x9d), a credit card asset-backed securitization.\nThe preliminary ratings reflect initial credit enhancement levels of 57.10% for the Class A notes to 5.00% for the Class F notes.
- b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by Genesis Sales Finance Master Trust, Series 2021-A (\xe2\x80\x9cGSFMT Series 2021-A\xe2\x80\x9d), a credit card asset-backed securitization.\nThe preliminary ratings reflect initial credit enhancement levels of 57.10% for the Class A notes to 5.00% for the Class F notes.
- KBRA also conducted an operational assessment of Genesis, as well as a review of the transaction\xe2\x80\x99s legal structure and transaction documents.
- KBRA will also review the operative agreements and legal opinions for the transaction prior to closing.\nClick here to view the report.
- KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005522/en/\n'