Strong performance

Pic© RichTea

Category: ABS

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Refi PSL ABS upgraded

Moody's has lowered its expected default rate for typical unseasoned refinancing private student loan (PSL) ABS to 1.5% from 2.5%, in light of the sector’s strong performance, borrower characteristics and underwriting criteria. Concurrently, the rating agency has upgraded a raft of 2015-2017 vintage bonds issued by CommonBond, Laurel Road and SoFi.

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