Nearly seven months after the exit of former CEO Raymond LaPlanche, the first rated securitization of Lending Club loans has come to market.

The transaction is sponsored by Jefferies, which is one of several institutional investors that purchases loans from the marketplace lender. According to Kroll Bond Rating Agency, which is rating the deal, there have been two other broadly distributed securitizations of Lending Club loans this year (reportedly also by Jefferies); both of the prior deals were unrated.

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