Kroll Bond Rating Agency Assigns Preliminary Ratings to SolarCity FTE Series 1, LLC, Series 2015-A

now viewing

Kroll Bond Rating Agency Assigns Preliminary Ratings to SolarCity FTE Series 1, LLC, Series 2015-A

December 12, 2015 Anand Gupta

now playing

CLEANMAX AND APPLE PARTNER TO ACCELERATE RENEWABLE ENERGY ADOPTION IN INDIA - EQ

December 12, 2015 Anand Gupta

Removal of difficulty in CSERC (Grid Interactive Distributed Renewable Energy Sources) Regulations, 2019

now playing

Chhattisgarh State Electricity Supply Code (Fourth Amendment), 2024 - EQ

December 12, 2015 Anand Gupta

TNERC order for HT solar roof top ground mount – for less than 1MW up to the year 2021-22

now playing

Provisional Tariff subsidy for FY 2024-25 by the Government of Tamil Nadu - EQ

December 12, 2015 Anand Gupta

Reliance Power Inks Rs 132.39 Cr Deal With JSW Renewable Energy For Maharashtra Wind Project - EQ

December 12, 2015 Anand Gupta

now playing

Mahindra Susten forays into hybrid RE segment with INR 1,200 Crore project - EQ

December 12, 2015 Anand Gupta

now playing

Ahasolar Wins BPCL Solar Contract - EQ

December 12, 2015 Anand Gupta

now playing

Power Grid Corp bags 3 transmission projects under competitive bidding - EQ

December 12, 2015 Anand Gupta

now playing

Hexaware Recognized as Sustainable Organization of the Year at the Net Zero Summit and Awards 2024 - EQ

December 12, 2015 Anand Gupta

now playing

Juniper Green Energy commissions wind power project in Gujarat -EQ

December 12, 2015 Anand Gupta

Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC

now playing

Petition for truing-up of tariff of Tanda Thermal Power Station (440 MW) for the period 2014-19. NTPC Limited - EQ

December 12, 2015 Anand Gupta

Kroll Bond Rating Agency assigns preliminary ratings to two classes of notes from SolarCity FTE Series 1, LLC, Series 2015-A, a residential distributed generation solar securitization.

This transaction is SolarCity Corporation’s fifth securitization. However, this is the Company’s inaugural solar securitization of its MyPower loan product. The transaction is secured by a pool of 11,583 solar loans made by SolarCity to install residential rooftop photovoltaic systems. The systems are geographically distributed across 13 states, with California, Colorado, and Arizona constituting about 94.8% of the collateral.

The aggregate discounted solar loan balance (“ADSLB”), consisting of the discounted interest and principal payments of the MyPower loans, is approximately $249.5 million. The original term of each loan is 30 years. As of the cut-off date the weighted average remaining term of the loans is 357 months and the weighted average FICO of the obligors is 733. The transaction benefits from credit enhancement in the form of overcollateralization, excess cash flow, an interest reserve account and an inverter replacement reserve account.