KBRA Assigns Preliminary Ratings to Sunnova SOL VII Issuer, LLC, Series 2024-2
2024年7月24日 - 3:54AM
ビジネスワイヤ(英語)
KBRA assigns preliminary ratings to two classes of notes issued
by Sunnova SOL VII Issuer, LLC, Series 2024-2. The transaction is
collateralized by a diversified pool of 17,303 leases and Power
Purchase Agreements (PPAs) associated with residential solar
photovoltaic installations (PV Systems), some of which have energy
storage equipment. The total aggregate discounted solar asset
balance (ADSAB) based on a discount rate of 6.0% (PV6 ADSAB),
consisting of the discounted payments of the leases and PPAs is
approximately $484.9 million.
To access rating and relevant documents, click here.
Click here to view the report.
Methodologies
- ABS: General Global Rating Methodology for Asset Backed
Securities
- Structured Finance: Global Structured Finance Counterparty
Methodology
- ESG Global Rating Methodology
Disclosures
Further information on key credit considerations, sensitivity
analyses that consider what factors can affect these credit ratings
and how they could lead to an upgrade or a downgrade, and ESG
factors (where they are a key driver behind the change to the
credit rating or rating outlook) can be found in the full rating
report referenced above.
A description of all substantially material sources that were
used to prepare the credit rating and information on the
methodology(ies) (inclusive of any material models and sensitivity
analyses of the relevant key rating assumptions, as applicable)
used in determining the credit rating is available in the
Information Disclosure Form(s) located here.
Information on the meaning of each rating category can be
located here.
Further disclosures relating to this rating action are available
in the Information Disclosure Form(s) referenced above. Additional
information regarding KBRA policies, methodologies, rating scales
and disclosures are available at www.kbra.com.
About KBRA
Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit
rating agency registered with the U.S. Securities and Exchange
Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is
registered as a CRA with the European Securities and Markets
Authority. Kroll Bond Rating Agency UK Limited is registered as a
CRA with the UK Financial Conduct Authority. In addition, KBRA is
designated as a designated rating organization by the Ontario
Securities Commission for issuers of asset-backed securities to
file a short form prospectus or shelf prospectus. KBRA is also
recognized by the National Association of Insurance Commissioners
as a Credit Rating Provider.
Doc ID: 1005213
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240723190490/en/
Analytical Contacts
Ali Pasha, Associate Director (Lead Analyst) +1 646-731-1299
ali.pasha@kbra.com
Kenneth Martens, Senior Director +1 646-731-3373
kenneth.martens@kbra.com
Oluwatobi Tofade, Senior Analyst +1 646-731-1277
oluwatobi.tofade@kbra.com
Joanne DeSimone, Managing Director, ABS Commercial (Rating
Committee Chair) +1 646-731-2306 joanne.desimone@kbra.com
Business Development Contact
Arielle Smelkinson, Senior Director +1 646-731-2369
arielle.smelkinson@kbra.com