KBRA Takes Rating Actions on BHG Securitization Trusts
5 Jun 2024 | New York
KBRA affirms its ratings on 15 classes of notes and upgrades its ratings on four classes of notes issued by five BHG Securitization Trust transactions. KBRA’s analysis indicated that existing credit enhancement for the notes is sufficient to support the revised and affirmed ratings. Concurrently, KBRA places its ratings on three classes of notes issued from BHG Securitization Trust 2022-C and three classes of notes issued from BHG Securitization Trust 2023-A on Watch Downgrade due to deteriorating credit performance. The link to the Press Release can be found here. The data used for this review is as of the May 2024 distribution date (April 2024 collection period). To date, the securities have received timely interest payments.
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