LendingClub Gets Securitization Rating from Kroll Bond Rating Agency

Kroll Bond Rating Agency has assigned preliminary ratings to a LendingClub securitization portfolio; the loan securitization, LendingClub Issuance Trust, Series 2016-NP2 (LCIT 2016-NP2), is valued at $101.75 million and includes two classes of notes with LendingClub consumer loans; the class A tranche which accounts for 84% of the deal at $85.3 million, is rated BBB; the class B tranche accounts for 16% at $16.4 million and is rated BB+.  Source