Standard & Poor’s sees three challenges to rating securitizations of peer-to-peer loans: lack of performance history, a lack of consistency in underwriting, and regulatory uncertainty.

So far only two P2P deals have been completed. In October, Eaglewood Capital Management completed the first-ever $53 million securitization of a package of consumer loans originated through Lending Club. The deal was privately placed and did not receive a rating. 

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.