NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a preliminary rating of BBB- (sf) to Insurance Administration Fee Asset-Backed Notes, Series 2018-1. The notes are newly issued asset-backed securities backed by a portfolio of administrative fee paid to Lombard International Administration Services Company, LLC (“LIAS”). The notes are secured by a portfolio of administrative fees (the “Receivables”), which are paid to LIAS for administrative services rendered pursuant to an adm
