KBRA Assigns Preliminary Ratings to SEB Funding LLC, Series 2024-1

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes for SEB Funding LLC (the Issuer), Series 2024-1 (SEB 2024- 1), a whole business securitization. SEB 2024-1 represents the Issuer’s second securitization from its master trust. The Series 2021-1 transaction (the Existing Notes) and Series 2024-1 (together with the Existing Notes, the Notes) share in the same collateral pool. Furthermore, additional collateral is expected to be contributed by Orangetheory Fitness