{"id":11255,"date":"2026-05-26T21:44:00","date_gmt":"2026-05-26T19:44:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=9f33bb947ef11fabf534ed1461c67152"},"modified":"2026-05-26T21:44:00","modified_gmt":"2026-05-26T19:44:00","slug":"kbra-assigns-preliminary-ratings-to-scooters-coffee-issuer-llc-harvest-roasting-issuer-llc-series-2026-1-senior-secured-notes","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=11255","title":{"rendered":"KBRA Assigns Preliminary Ratings to Scooter\u2019s Coffee Issuer, LLC &amp; Harvest Roasting Issuer, LLC, Series 2026-1 Senior Secured Notes"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA assigns preliminary ratings to Scooter\u2019s Coffee Issuer, LLC &amp; Harvest Roasting Issuer, LLC (the Co-Issuers), Series 2026-1, Class A-1, Class A-1 Advance Funding Facility and Class A-2 Notes, a whole business securitization (WBS). The transaction represents the Co-Issuers\u2019 inaugural securitization in which Scooter\u2019s Coffee, LLC (Scooter\u2019s, the Manager or the Company) is contributing substantially all of its revenue-generating assets to the Co-Issuers as collateral for the offered notes.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260526649067\/en\/2815050\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260526649067\/en\/2815050\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260526649067\/en\/2815050\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260526649067\/en\/2815050\/21\/kbra-logo.jpg\" \/><\/a><p>\nFounded in 1998, Scooter\u2019s is a beverage franchisor known for its coffee-focused offerings, originating in the Midwest. The system consists of 910 units across 32 states and is approximately 98% franchised across multiple formats, including kiosks, endcaps with drive-thru, coffeehouses with drive-thru and non-traditional locations. The system generated $828 million in system-wide sales (SWS) for the trailing 52-week period ended March 31, 2026.<\/p><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F69197%2Fratings&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=d1aed700390e549e0b5604dea57e185b\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nClick <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FygyQcJPF%2Fscooter-s-coffee-issuer-llc-harvest-roasting-issuer-llc-series-2026-1-pre-sale-report%3F&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=e1718b21be598ebe7836228756db6da0\" rel=\"nofollow\" shape=\"rect\">here<\/a> to view the report.<\/p><p>\n<strong>Methodologies<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FHpFJmjxx&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=ABS%3A+Whole+Business+Securitization+%28WBS%29+ABS+Global+Rating+Methodology&amp;index=3&amp;md5=c8899cbacebbf36022fa62f512a4a2ec\" rel=\"nofollow\" shape=\"rect\">ABS: Whole Business Securitization (WBS) ABS Global Rating Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FRjVgkPtk&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=Structured+Finance%3A+Global+Structured+Finance+Counterparty+Methodology&amp;index=4&amp;md5=c7bcf35cd62e872693cd1001f0b39c48\" rel=\"nofollow\" shape=\"rect\">Structured Finance: Global Structured Finance Counterparty Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nFurther 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 <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FJZRHwTBd%2F&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=ESG+factors&amp;index=5&amp;md5=7d03fe5ed65d2723992321433f0d8b30\" rel=\"nofollow\" shape=\"rect\">ESG factors<\/a> (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.<\/p><p>\nA 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 <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F69197%2Fdisclosures&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=here&amp;index=6&amp;md5=2c6bf4c741369c9f61f15890ca7fc50e\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=here&amp;index=7&amp;md5=4e9f524f2ab5a5905b5fe4a17fdd0595\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther 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 <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54542095&amp;newsitemid=20260526649067&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=8&amp;md5=1f29bb4686a38711a5bc03d50f09d059\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll 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\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1015116<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nAnna Roginkin, Senior Director (Lead Analyst)\n<br\/>+1 646-731-1212\n<br\/><a  href=\"mailto:anna.roginkin@kbra.com\" rel=\"nofollow\" shape=\"rect\">anna.roginkin@kbra.com<\/a><\/p><p>\nXilun Chen, Managing Director\n<br\/>+1 646-731-2431\n<br\/><a  href=\"mailto:xilun.chen@kbra.com\" rel=\"nofollow\" shape=\"rect\">xilun.chen@kbra.com<\/a><\/p><p>\nMatthew Howard, Director\n<br\/>+1 312-680-4178\n<br\/><a  href=\"mailto:matthew.howard@kbra.com\" rel=\"nofollow\" shape=\"rect\">matthew.howard@kbra.com<\/a><\/p><p>\nAayush Aryal, Associate\n<br\/>+1 646-731-1356\n<br\/><a  href=\"mailto:aayush.aryal@kbra.com\" rel=\"nofollow\" shape=\"rect\">aayush.aryal@kbra.com<\/a><\/p><p>\nKenneth Martens, Managing Director (Rating Committee Chair)\n<br\/>+1 646-731-3373\n<br\/><a  href=\"mailto:kenneth.martens@kbra.com\" rel=\"nofollow\" shape=\"rect\">kenneth.martens@kbra.com<\/a><\/p><p>\n<strong>Business Development Contact<\/strong><\/p><p>\nArielle Smelkinson, Senior Director\n<br\/>+1 646-731-2369\n<br\/><a  href=\"mailto:arielle.smelkinson@kbra.com\" rel=\"nofollow\" shape=\"rect\">arielle.smelkinson@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA assigns preliminary ratings to Scooter\u2019s Coffee Issuer, LLC &amp; Harvest Roasting Issuer, LLC (the Co-Issuers), Series 2026-1, Class A-1, Class A-1 Advance Funding Facility and Class A-2 Notes, a wh&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11255","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/11255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11255"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/11255\/revisions"}],"predecessor-version":[{"id":11256,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/11255\/revisions\/11256"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}