Kbra assigns preliminary ratings to tesla sustainable energy trust 2024-1

New york--(business wire)-- #creditratingagency--kbra assigns preliminary ratings to three classes (five tranches) of notes totaling $500.00 million issued by tesla sustainable energy trust 2024-1 ("tset 2024-1" or the "issuer"), an abs transaction secured by residental solar retail installment contracts ("ric"). tset 2024-1 represents the inaugural term abs securitization collateralized by a pool of residential solar rics originated by tesla, inc. ("tesla") and sold to tesla finance llc (“tesla finance” or the “com.
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