KBRA Assigns Preliminary Ratings to Mariner Finance Issuance Trust 2021-A
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued from Mariner Finance Issuance Trust 2021-A (MFIT 2021-A), a personal loan asset-backed securities transaction.
- Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued from Mariner Finance Issuance Trust 2021-A (MFIT 2021-A), a personal loan asset-backed securities transaction.
- The notes are collateralized by approximately $273 million of secured and unsecured, fixed-rate, non-revolving personal loans originated by Mariner Finance, LLC, (Mariner or the Company) as of the January 31, 2021 Statistical Cut-Off Date.
- KBRA also conducted an operational assessment of Mariner, as well as a review of the transactions legal structure and transaction documents.
- KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.