Prosper Marketplace’s first unsecured consumer loan securitization of 2017 has an unusual selling point: collateral that, by some credit metrics, would appear to be riskier, but that it nonetheless expects to perform better than its previous deals.

The $450.5 million Prosper Marketplace Issuance Trust Series 2017-1 is the marketplace lender’s first deal since it adopted a new origination platform in December that brought stricter underwriting guidelines and an improved predictive scoring model into use. hree series of notes will be issued in the transaction; the senior $283 million Class A tranche carry an A- from Fitch and an A rating from Kroll Bond Rating Agency.

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