KBRA Assigns Preliminary Ratings to Prosper Marketplace Issuance Trust, Series 2019-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Prosper Marketplace Issuance Trust 2019-1 (“PMIT 2019-1”). This is a $171.664 million consumer loan ABS transaction. This transaction represents the eleventh securitization collateralized by unsecured consumer loans originated through the online marketplace lending platform operated by Prosper Funding LLC (“Prosper” or the “Company”) and the sixth from the Prosper Marketpla