KBRA Assigns Preliminary Ratings to Consumer Loan Underlying Bond (CLUB) Credit Trust 2017-NP2

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Consumer Loan Underlying Bond (CLUB) Credit Trust 2017-NP2 (“CLUB 2017-NP2”). This is a $265.799 million consumer loan ABS transaction that is expected to close December 20, 2017. This transaction is LendingClub Corporation’s (“LendingClub” or the “Company”) fourth rated sponsored securitization and the second sponsored securitization consisting of near prime unsecured cons