KBRA Assigns Preliminary Ratings to BCC Funding XVII LLC, Series 2020-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of BCC Funding XVII LLC, Series 2020-1, an equipment loan and lease securitization. BCC Funding XVII LLC will issue six classes of notes, including a short-term class A-1 tranche. The transaction represents the seventh equipment asset-backed securities transaction sponsored by Balboa Capital Corporation, following issuances in each of 2007 (which benefited from bond insurance), 2014, 2015, 2016