Moody’s assigned definitive rates to the SoFi Professional Loan Program (2015-D). According to Moody’s, approximately $536 million in asset backed securities were rated. The securities are backed by student loans. Moody’s said cumulative expected net loss for the loan pool was about 4.7%.
The rating actions are as follows:
- $154,903,000 Floating Rate Post-Graduate Loan Asset-Backed Class A-1 Notes, Definitive Rating Assigned Aa2 (sf)
- $334,778,000 Fixed Rate Post-Graduate Loan Asset-Backed Class A-2 Notes, Definitive Rating Assigned Aa2 (sf)
- $46,691,000 Fixed Rate Post-Graduate Loan Asset-Backed Class B Notes, Definitive Rating Assigned Baa2 (sf)