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KBRA Assigns Preliminary Ratings to Mosaic Solar Loan Trust 2021-2

By   /  June 11, 2021  /  Comments Off on KBRA Assigns Preliminary Ratings to Mosaic Solar Loan Trust 2021-2

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NEW YORK–()–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-2 (“Mosaic 2021-2”), an asset-backed securitization collateralized by a pool of residential solar loans.

The collateral pool of Mosaic 2021-2 will include approximately $218.2 million of residential solar loans, which comprises of approximately $120.0 million in loans at closing and $98.2 million in additional prefunded solar loans. The preliminary ratings reflect the initial credit enhancement levels ranging from 51.97% for the Class A notes to 12.14% for the Class D notes.

Solar Mosaic, Inc. (“Mosaic” or the “Company”) is a California-based specialty finance…



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