KBRA Assigns Preliminary Rating to NBC Funding LLC, Series 2024-1

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a preliminary rating to one class of notes from NBC Funding LLC, Series 2024-1 (NBC 2024-1 or Series 2024-1 Notes). In conjunction with the issuance of NBC 2024-1, the NBC 2023-1 A-1-VFN Notes are expected to be refinanced at which time KBRA will withdraw the rating. At that time, KBRA also anticipates affirming the ratings on the Issuer’s outstanding Series 2021-1 Class A-1-VFN Notes and the Series 2021-1 Class A-1-LR Notes, Series 2021-1 A-2 Notes, and