KBRA Assigns Preliminary Ratings to Foundation Finance Trust 2017-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Foundation Finance Trust 2017-1 (“FFT 2017-1”), a consumer loan asset-backed securities transaction that expected to close on December 15, 2017. This transaction represents the second ABS securitization for Foundation Finance Company LLC (“Foundation” or the “Company”) collateralized by a pool of retail installment sale contracts and agreements (“Contracts”) primarily used