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

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.

  • By Sasha Padbidri
  • 19 Apr 2018

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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