KBRA Issues Initial Ratings for GoodLeap Home Improvement Solutions Trust 2025-2

Posted in

June 3, 2025

KBRA Issues Initial Ratings for GoodLeap Home Improvement Solutions Trust 2025-2

KBRA has assigned preliminary ratings to three classes of notes from GoodLeap Home Improvement Solutions Trust 2025-2, a $354.795 million asset-backed securitization backed by residential home improvement loans. The ratings, reflecting credit enhancement levels ranging from 19.32% for Class A notes to 4.95% for Class C notes, assess GoodLeap’s loan portfolio, which primarily finances sustainable home projects like HVAC systems and energy-efficient upgrades. The company partners with over 4,000 installers to provide loans mainly to prime credit-quality homeowners. KBRA utilized its global rating methodologies to analyze the loan data and collateral pool under stressed cash flow scenarios, with further reviews of operational agreements planned before the deal’s closing. For additional information and access to the full ratings and methodologies, refer to the linked documents.

Original source:

https://markets.financialcontent.com/stocks/article/bizwire-2025-6-3-kbra-assigns-preliminary-ratings-to-goodleap-home-improvement-solutions-trust-2025-2

KBRA Issues Initial Ratings for GoodLeap Home Improvement Solutions Trust 2025-2

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