KBRA Assigns Preliminary Ratings to Service Experts Issuer 2024-1 LLC

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by Service Experts Issuer 2024-1 (“SE 2024-1”), a $268.577 million consumer lease ABS transaction. The preliminary ratings reflect initial credit enhancement level of 24.20% for the Class A notes, and 18.90% and for the Class B notes. Credit enhancement consists of overcollateralization, excess spread, a cash reserve account and subordination (except for the Class B notes). This transaction represents the