KBRA Assigns Preliminary Ratings to Tesla 2017-1, LLC, Series 2017-1, Class A Notes

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a preliminary rating of A- (sf) to Tesla 2017-1, LLC, Series 2017-1, Class A Notes (“Tesla 2017-1”). The notes are newly issued asset-backed securities backed by a portfolio of residential and commercial photovoltaic solar installations (“PV Systems”). The transaction is secured by distributions to the managing members of the related four financing funds from power purchase agreements (PPA) and lease agreements from 33,499 PV Sy