Ygrene gets S&P green score, ratings for latest ABS

By Sasha Padbidri
19 Apr 2018

Ygrene Energy Fund is in the market with its latest Property Assessed Clean Energy (PACE) securitization, securing both a green evaluation score and credit ratings from S&P Global Ratings for the first time. Deal watchers say that participation from one of the ‘big three’ rating agencies will help boost market participation in the growing asset class.

GoodGreen Funding 2018-1 received a green evaluation score on Thursday of E1/76 from S&P. The grading system uses a scale of E1 to E4, with E1 being the highest possible score. The $340.4m 'A' notes also received preliminary AA credit ratings from S&P on Friday.

The report states ...

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