Moody’s Rates $536 Million in SoFi Asset Backed Securities

SoFiMoody’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)

 

 

 

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