Largest SoFi ABS yet gets upgrade despite lower FICOs

SoFi booth
By Will Caiger-Smith
21 Jan 2015

DBRS has awarded West Coast marketplace lender SoFi a small ratings upgrade for its fourth and largest yet securitization of student loan refinancings, despite noting slightly weaker collateral backing the deal.

The San Francisco headquartered firm has once again hired Morgan Stanley and Goldman Sachs as underwriters for the deal, which hit the market on Wednesday and is slated to price on Friday. 

Barclays, Deutsche Bank and Credit Suisse are co-managers on ...

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