BlackRock deal opens P2P path for both issuers and investors

BlackRock’s $344.85m securitization of unsecured consumer loans originated through peer-to-peer lending platform Prosper is the first deal of its type to secure a public rating. Passing that hurdle means that large institutional investors can get exposure to the lucrative asset class, and could also help smaller platforms use securitization to compete with the sector’s leading names.