KBRA Assigns Preliminary Ratings to Oportun Funding IX, LLC, Series 2018-B

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of Oportun Funding IX, LLC, Series 2018-B (“Oportun 2018-B”), a consumer loan asset-backed securities transaction. The collateral in the Oportun 2018-B deal includes approximately $236.8 million of loans, as of the May 31, 2018 statistical calculation date. The transaction includes a three-year revolving period during which additional collateral may be funded in the transaction so long as it c