--- title: "KBRA Assigns Preliminary Ratings to RKTL 2026-2" type: "News" locale: "en" url: "https://longbridge.com/en/news/286919341.md" description: "KBRA has assigned preliminary ratings to five classes of notes from RKTL 2026-2, an asset-backed securitization backed by unsecured consumer loans, totaling $390.279 million. This marks Rocket Loans' fourth 144A unsecured consumer loan ABS securitization. Initial credit enhancements include overcollateralization and a reserve account, with hard credit enhancement levels ranging from 41.72% for Class A Notes to 6.47% for Class E Notes." datetime: "2026-05-19T13:10:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286919341.md) - [en](https://longbridge.com/en/news/286919341.md) - [zh-HK](https://longbridge.com/zh-HK/news/286919341.md) --- # KBRA Assigns Preliminary Ratings to RKTL 2026-2 **KBRA Assigns Preliminary Ratings to RKTL 2026-2** KBRA assigns preliminary ratings to five classes of notes issued by RKTL 2026-2, an asset-backed securitization collateralized by unsecured consumer loans. This transaction represents RockLoans Marketplace LLC (“Rocket Loans”, or the “Company”)'s fourth 144A unsecured consumer loan ABS securitization. RKTL 2026-2 is expected to issue five classes of notes totaling $390.279 million. Initial credit enhancement consists of overcollateralization (“O/C”), subordination (except for the Class E Notes), a reserve account funded at closing, and excess spread. RKTL 2026-2 has initial hard credit enhancement levels of 41.72% for the Class A Notes to 6.47% for the Class E Notes. Rocket Loans, founded in 2015, is an online personal loan finance company that is a wholly-owned subsidiary of Rocket Companies. Rocket Companies is a Detroit-based, publicly traded fintech company, majority owned by its founder and chairman Dan Gilbert, consisting of personal finance and consumer service brands including Rocket Mortgage, RedFin, and Rocket Loans, among others. Rocket Mortgage, founded in 1985, is a mortgage originator and servicer. Rocket Loans primarily focuses on marketing unsecured consumer loan products to Rocket Mortgage customers by leveraging an automated technology platform, with focus on prime borrowers. KBRA applied its Consumer Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology as part of its analysis of the portfolio pool data, underlying collateral pool and capital structure. KBRA considered its operational reviews of Rocket, as well as periodic update calls with the Company. Operative agreements and legal opinions will be reviewed prior to closing. To access ratings and relevant documents, click here. Click here to view the report. **Methodologies** - ABS: Consumer Loan ABS Global Rating Methodology - Structured Finance: Global Structured Finance Counterparty Methodology **Disclosures** Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com. **About KBRA** Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1015046 **Analytical Contacts** Melvin Zhou, Managing Director (Lead Analyst) +1 646-731-2412 melvin.zhou@kbra.com Juhi Paranjape, Associate +1 646-731-1340 juhi.paranjape@kbra.com Michael Rotunno, Senior Analyst +1 646-731-1439 michael.rotunno@kbra.com Rahel Avigdor, Managing Director (Rating Committee Chair) +1 646-731-1203 rahel.avigdor@kbra.com **Business Development Contact** Brad Korch, Director +1 646-731-2392 brad.korch@kbra.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260518204124/en/ ### Related Stocks - [RKT.US](https://longbridge.com/en/quote/RKT.US.md) ## Related News & Research - [Truist Financial Corp Acquires 82,873 Shares of Rocket Companies, Inc. $RKT](https://longbridge.com/en/news/286384584.md) - [Rocket and Redfin Boost Home Affordability With New Offer, Saving Buyers Up To $20,000 | RKT Stock News](https://longbridge.com/en/news/286920841.md) - [KBRA Assigns Preliminary Ratings to ALLO Issuer, LLC, Series 2026-1 Senior Secured Notes](https://longbridge.com/en/news/286821852.md) - [KBRA Assigns Preliminary Ratings to Upgrade Master Pass-Thru Trust, Series 2026-ST2](https://longbridge.com/en/news/286133088.md) - [Non-discretionary PMS clients can pledge securities held in demat: Sebi](https://longbridge.com/en/news/286886059.md)