Oportun, a nonbank lender that targets Latino consumers, has completed its fourth securitization and the first one with a credit rating, from Kroll Bond Rating Agency.

There are a total of $125 million notes, including $102.94 million of class A notes initial credit enhancement of 30% that are rated ‘A’ by KBRA and $22.06 million of class B notes with credit enhancement of 15% that are rated ‘BBB.’

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.