SoFi looks to deepen buyer base with S&P stamp on latest ABS
A $530m consumer loan offering from online lender SoFi is expected to garner interest from a bigger group of investors than previous deals, with S&P Global Ratings tapped to rate an offering from the issuer's consumer loan shelf for the first time.
Though S&P has rated student loan refinancing ABS from SoFi in the past, this is the first time the rating agency has assigned ratings to an unsecured consumer transaction.
Sources indicated that the presence of a ‘big three’ rating agency on the offering could open up the deal to
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