KBRA Affirms Ratings on CPC Asset Securitization LLC Transactions
2 May 2024 | New York
KBRA affirms its ratings on 10 classes of notes issued from three CPC Asset Securitization LLC (“CPC”) transactions, each small business loan and business cash advance ABS transactions. CPC 2022-1 represents the second series of notes issued by CPC Asset Securitization I, LLC and is an upsize transaction to CPC 2021-1. Both CPC 2021-1 and CPC 2022-1 share the same collateral pool. CPC 2023-1 was issued by CPC Asset Securitization II, LLC and is a separate series with its own distinct collateral pool. KBRA’s analysis indicated that the existing credit enhancement for the notes is sufficient to support the affirmed ratings. The data used for this review is as of the April 2024 distribution date (March 2024 collection period). To date, the securities have received timely interest payments.
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