The current deal adds a class E tranche, which provides subordination to the pool, unlike previous Oportun transactions ...
Fitch Rating says it noticed a greater preference for consumers to use cellphones for a longer period and previously decreased the assumptions for upgrade losses to 0.25%, from 0.35%.
In both scenarios of the 2025-1 series, the capital structure will issue notes through about eight tranches, including an overcollateralization piece representing 5.15% of the pool balance.
Classes A through E, do not allow for payment-in-kind, which allows borrowers to use assets other than cash—such as equity or ...
The senior certificates get credit protection from a specified lockout period, when the subordinate classes will receive no ...
Structurally, the GSAR 2025-1 transaction has 22.5% in subordination for the class A notes, down from 22.8% seen on the GSAR ...