Moody's: Europe's first marketplace lending securitisation is performing in line with expectations so far (SBOLT 2016-1)
London, 26 January 2017-- The performance of Small Business Origination Loan Trust 2016-1 DAC, Europe's first securitisation of marketplace loans, has so far largely been in line with our initial expectations, says Moody's Investors Service. "Loan-level defaults are in line with our expectations, at 2.20% of the original loan count and 1.82% of original value given the relatively short weighted average life of 1.9 years. The prepayment rate is high, causing quick deleveraging and...
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