CommonBond, a marketplace lender specializing in private student loans, announced its first securitization Wednesday.

The deal, which will be backed by approximately $100 million in graduate student loans, has received an investment-grade rating of 'A (high)' from DBRS). It is expected to be rated four notches lower, at ‘Baa3,’ by Moody’s Investors Service, according to a spokeswoman for SoFi.

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