KBRA Affirms Ratings for Cajun Global, LLC Series 2021-1
10 May 2024 | New York
KBRA affirms its ratings on three classes of notes (the Notes or Class A Notes) from Cajun Global LLC, a whole business securitization (WBS). The transaction is collateralized by existing and future domestic and international franchise agreements and associated royalties and fees, royalties and profits from company-operated restaurants, certain franchisee leases and intellectual property. KBRA’s analysis indicated that existing credit enhancement for the Notes is sufficient to support the affirmed ratings. The data used for this review is as of the December 2023 reporting period (February 2024 payment date). To date, the securities have received timely interest payments and scheduled principal payments, if applicable.
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