{"id":17805,"date":"2026-06-09T01:32:00","date_gmt":"2026-06-08T23:32:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=8a6388f531d4574e61555cc2faace11c"},"modified":"2026-06-09T01:32:00","modified_gmt":"2026-06-08T23:32:00","slug":"kbra-assigns-preliminary-ratings-to-achd-trust-2026-ds1","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=17805","title":{"rendered":"KBRA Assigns Preliminary Ratings to ACHD Trust 2026-DS1"},"content":{"rendered":"

NEW YORK--(BUSINESS WIRE)--#creditratingagency<\/a>--KBRA assigns preliminary ratings to three classes of notes issued by ACHD Trust 2026-DS1 (\u201cACHD 2026-DS1\u201d), an ABS transaction collateralized by a pool of debt settlement (\u201cDS\u201d) fees associated with enrolled debts from a static pool of DS customers.<\/p><\/a><\/a>

\nACHD 2026-DS1 will issue three classes of notes totaling $151.4 million. The transaction benefits from credit enhancement levels that are sufficient to withstand KBRA\u2019s rating stresses. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class C notes), a cash reserve account, and excess spread.<\/p>

\nThis transaction represents Freedom Debt Relief, LLC d\/b\/a Achieve Debt Relief\u2019s (\u201cAchieve\u201d or \u201cCompany\u201d) second securitization collateralized by DS fees. The inaugural transaction, ACHD Trust 2025-DS1, was issued in December 2025.<\/p>

\nAchieve is a wholly owned subsidiary of Freedom Financial Network Funding, LLC (\u201cFFNF\u201d). FFNF is a San Mateo, CA, based company with operations in Tempe, AZ. It was founded in 2002 and offers consumer financial solutions including installment loans originated by a partner bank, debt restructuring, home equity lines of credit, and financial education, through subsidiary companies \u2014 Freedom Financial Asset Management, LLC, Achieve and Lendage, LLC d\/b\/a Achieve Home Loans. Two private equity firms, Cercano Capital and Stone Point Capital, have invested in the common equity of Pantheon Freedom, Inc., the ultimate parent holding company of Achieve.<\/p>

\nKBRA applied its General Global Rating Methodology for Asset Backed Securities as well as its Global Structured Finance Counterparty Methodology as part of its analysis of the transaction\u2019s underlying collateral pool, the proposed capital structure, and Achieve\u2019s historical static pool data. KBRA also considered its operational review of the Master Backup Servicer and the Master Backup Servicer Subcontractor, as well as periodic due diligence discussions with the Company. Operative agreements and legal opinions will be reviewed prior to closing.<\/p>

\nTo access ratings and relevant documents, click here<\/a>.<\/p>

\nClick here<\/a> to view the report.<\/p>

\nMethodologies<\/strong><\/p>