BlackRock Inc. plans to sell the first rated securities backed by consumer loans arranged through Prosper Marketplace Inc. as investors seek to profit from debt created on the peer-to-peer platform.
About $281 million of the bonds may receive an investment grade of Baa3 from Moody’s Investors Service, while $45 million may be rated Ba3, the credit grader said Wednesday in an e-mailed statement. The debt is being issued by a vehicle called Consumer Credit Origination Loan Trust 2015-1 created by a unit of BlackRock on behalf of funds and accounts it manages.
