Sunnova's latest resi solar loan ABS seeks to raise $235.7 million
Sunnova 2022-C shows borrowers with tighter credit qualifications, and initial OC, as a percentage of pool balance, is lower than Sunnova 2022-B's.
Source: americanbanker.com
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Sunnova 2022-C shows borrowers with tighter credit qualifications, and initial OC, as a percentage of pool balance, is lower than Sunnova 2022-B's.
About 3.3% of loans in the deal fall into the 600-649 FICO bucket on the current Sunnova Helios VIII, 2022-A, compared with a 1.2% level in the 2021-C deal.
Kroll Bond Rating Agency assigns preliminary ratings to three classes of notes issued by Sunnova Helios VII Issuer, LLC, Solar Loan Backed Notes, Series 2021-C , a $155.8 million residential solar...