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KBRA Assigns Preliminary Rating to BHG Securitization Trust 2025-2CON

Strategic Insights

— 1 min read

Bankers Healthcare Group's (BHG) eleventh term asset-backed securitization, BHG 2025-2, has been assigned a preliminary rating by KROLL BOND RATING AGENCY, LLC. The securitization is collateralized by a pool of unsecured consumer loans, totaling $396.1 million, with the initial credit enhancement level set at 49.35% for the Class A notes. BHG 2025-2 represents the third ABS securitization for the company, which has provided over $24 billion in funding to over 220,000 borrowers since its inception in 2001.

Key Takeaways:

  • KBRA assigned a preliminary rating to one class of notes issued by BHG Securitization Trust 2025-2CON, an asset-backed securitization collateralized by a pool of unsecured consumer loans.
  • The securitization will issue five classes of notes totaling $396.1 million, with the initial credit enhancement level set at 49.35% for the Class A notes.
  • BHG 2025-2 represents the eleventh term ABS securitization for Bankers Healthcare Group, LLC, but the third ABS securitization collateralized exclusively by Consumer Loans.
  • The company has provided more than $24 billion in funding to over 220,000 borrowers since inception in 2001.
  • BHG was founded in 2001 and provides Commercial Loans and Consumer Loans primarily to prime, high-income professionals.
  • Pinnacle Financial Partners, Inc., a holding company headquartered in Tennessee, and its subsidiary Pinnacle Bank, a Tennessee state-chartered bank, own a combined 49% of the Company.

Statistics:

  • $396.1 million: Total amount of notes issued.
  • 49.35%: Initial credit enhancement level for the Class A notes.
  • 220,000: Number of borrowers funded by BHG since inception.
  • $24 billion: Total funding provided by BHG since inception.
  • 2001: Year BHG was founded.
  • 11: Number of term ABS securitizations for BHG.
  • 3: Number of ABS securitizations collateralized exclusively by Consumer Loans for BHG.

Sources:

  • KBRA assignment document
  • Bankers Healthcare Group (BHG) website
  • Pinnacle Financial Partners, Inc. website

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