{"id":39896,"date":"2026-07-21T00:59:00","date_gmt":"2026-07-20T22:59:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=793dfd36ae3e0abe57c859f858f54aac"},"modified":"2026-07-21T00:59:00","modified_gmt":"2026-07-20T22:59:00","slug":"kbra-assigns-preliminary-ratings-to-ezee-fiber-funding-llc-series-2026-1","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=39896","title":{"rendered":"KBRA Assigns Preliminary Ratings to Ezee Fiber Funding, LLC, Series 2026-1"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA assigns preliminary ratings to the Series 2026-1, Class A-1-L Notes, Class A-1-V Notes, Class A-2 Notes, Class B Notes and Class C Notes (the Series 2026-1 Notes) from Ezee Fiber Funding, LLC (the Issuer), a communications infrastructure securitization.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260720600987\/en\/2855740\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260720600987\/en\/2855740\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260720600987\/en\/2855740\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260720600987\/en\/2855740\/21\/kbra-logo.jpg\" \/><\/a><p>\nThe transaction represents the Issuer\u2019s first securitization. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain conditions, including rating agency confirmation. The proceeds from the Series 2026-1 Notes are being used to pay transaction fees and expenses, fund transaction accounts, repay existing indebtedness, make distributions to the manager\u2019s equity holders and for general corporate purposes which may include growth capital expenditures.<\/p><p>\nEzee Fiber (the Manager or the Company) will manage the fiber networks, customer agreements and other fiber network assets. The securitized assets include current and future fiber-to-the-premises (FTTP) infrastructure, as well as enterprise and wholesale fiber assets.<\/p><p>\nAs of April 30, 2026 (the Series 2026-1 Cut-Off Date), the collateral included approximately 130,000 customer connections generating Monthly Recurring Revenue (MRR) of approximately $12.0 million. Contributed Markets span three states: Texas, New Mexico and Washington.<\/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%2F68742%2Fratings&amp;esheet=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=61acaf4d9373bdeb7bf79b4344b744b4\" 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%2FQdpshZRZ%2Fezee-fiber-funding-llc-series-2026-1-pre-sale-report%3F&amp;esheet=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=5d5a777c80bacbc372808d6e8a1bd768\" 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%2FZYrdNsBK&amp;esheet=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=ABS%3A+Communications+Infrastructure+Securitization+%28CIS%29+Global+Rating+Methodology&amp;index=3&amp;md5=fd57f562ffaf59aa01de74be2a13b46d\" rel=\"nofollow\" shape=\"rect\">ABS: Communications Infrastructure Securitization (CIS) 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=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=Structured+Finance%3A+Global+Structured+Finance+Counterparty+Methodology&amp;index=4&amp;md5=4d65ddc24d8bf632eed4ef8d79b6d7f3\" 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=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=ESG+factors&amp;index=5&amp;md5=dcbdd13103beb83ee3abb0dcf1aadce6\" 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%2F68742%2Fdisclosures&amp;esheet=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=here&amp;index=6&amp;md5=a71b318d0d8d2932256d64b7247ca162\" 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=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=here&amp;index=7&amp;md5=a61ee7e9a250e7990d4cf010d3a24da2\" 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=54573859&amp;newsitemid=20260720600987&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=8&amp;md5=612573e74b6df9ab94fe03ab7aed0a26\" 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: 1016088<\/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>\nZachary Lee, Associate\n<br\/>+1 646-731-1252\n<br\/><a  href=\"mailto:zachary.lee@kbra.com\" rel=\"nofollow\" shape=\"rect\">zachary.lee@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>\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 the Series 2026-1, Class A-1-L Notes, Class A-1-V Notes, Class A-2 Notes, Class B Notes and Class C Notes (the Series 2026-1 Notes) from Ezee Fiber Funding, LLC (the Is&#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-39896","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\/39896","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=39896"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39896\/revisions"}],"predecessor-version":[{"id":39897,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39896\/revisions\/39897"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}