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KBRA Assigns Preliminary Ratings to FREED ABS Trust 2020-1

Jan 16, 2020 - Business Wire

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by FREED ABS Trust 2020-1. This is a $340.77 million consumer loan ABS transaction that is expected to close on January 30, 2020.

This transaction ("FREED 2020-FP1") represents the fifth overall ABS securitization collateralized by unsecured consumer loans originated through Freedom Financial Asset Management ("FFAM"). The proceeds from the sale of the notes will be used to purchase the loans and r...