KBRA Assigns Preliminary Ratings to Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1, a $168.9 million residential solar loan ABS transaction. This transaction represents the second securitization under the Hestia program, which contains a partial loan guarantee provided by the U.S. Department of Energy. Projects funded under Project Hestia are, in part, to provide loans for clean energy systems to disadvantaged c