KBRA Assigns Preliminary Rating to Kobalt Music Assets LP, Series 2024-1

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary rating to one class of notes issued by Kobalt Music Assets LP, Series 2024-1 (Kobalt 2024-1), a music royalty ABS transaction. Kobalt Music Assets LP (the Issuer) represents Kobalt Music Group’s first music royalty securitization. The transaction is collateralized by royalties from a music catalog (the Catalog) of content with over 5,000 works from top artists and songwriters, including AJR, YoungBoy Never Broke Again, Busta Rhymes, and Jessie