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Home » BlackRock Teams with Prosper on Planned ABS Backed By Peer-to-Peer Loans, a First
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BlackRock Teams with Prosper on Planned ABS Backed By Peer-to-Peer Loans, a First

February 6, 2015
BlackRock Financial Management plans to issue a unique ABS backed by peer-to-peer consumer loans originated via the platform established by Prosper Marketplace. Moody’s Investors Service assigned ratings to Consumer Credit Origination Loan Trust 2015-1 last week, noting a number of issues for investors to consider. The ABS is expected to have a balance of $344.85 million. The loan pool Moody’s examined had a balance of $306.71 billion as of the end of December. Approximately 14 percent of the total assets are expected to be added after closing. The deal doesn’t have a projected closing date yet, according to Moody’s. The rating service assigned...
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