NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a preliminary rating of AA (sf) to Renew 2018-1, Renew A Notes, Series 2018-1 (Renew 2018-1). The notes are newly issued asset-backed securities backed by a portfolio of Property Assessed Clean Energy (PACE) assets. The notes are secured by a portfolio of PACE assets (“PACE Assets”) acquired by Renew 2018-1 at closing (the “Initial PACE Assets”) and during the Prefunding Period (the “Subsequent PACE Assets” and together with the
