KBRA Assigns Preliminary Ratings to NBC Funding LLC, Series 2025-1 Senior Secured Notes
KBRA assigns preliminary ratings to NBC Funding LLC (NBC 2025-1), Series 2025-1 Class A-1 Notes and Class A-2 Notes, a whole business securitization (WBS). NBC 2025-1 represents the Issuer’s fourth issuance out of the existing master trust. In conjunction …