Social Finance’s new $530 million consumer loan securitization, it’s third of the year, is the first to earn a double-A, from both Kroll Bond Rating Agency and S&P Global Ratings.

Both credit rating agencies assigned a preliminary double-A to $470 million in Class A notes, a notch higher than the single-A for the comparable trances of two prior 2017 securitizations of personal loans to its prime consumer borrower base.

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