NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six note tranches of Business Jet Securities, LLC, Secured Notes, Series 2017-1. The notes are newly issued asset-backed securities secured by payments due under the lease of, and loans secured by, business jet aircraft and the economic ownership of each business aircraft subject to an operating lease. The transaction is structured as a master trust with two note classes, each of which is time-tranched via