KBRA Assigns Preliminary Ratings to Oportun Funding 2020-1, LLC

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes for Oportun Funding 2020-1, LLC (“Oportun 2020-1”), a consumer loan ABS transaction. Oportun 2020-1 will issue four classes of notes totaling $193.65 million that are collateralized by unsecured installment loans. This transaction, Oportun Funding 2020-1, LLC (“Oportun 2020-1”) represents the Company’s 15th consumer loan ABS securitization and the first in 2020. Unlike previous Oportu