LOS ANGELES--(BUSINESS WIRE)--Hana Financial announced today that Standard & Poor’s (S&P) raised the credit rating on Hana SBL Loan Trust 2016-1 from ‘A- (sf)’ to ‘AA (sf)’. The rating improvement is indicative of Hana Financial’s origination of high-quality SBA 7(a) loans and diversification in its loan portfolio.
Hana SBL Loan Trust 2016-1 is an asset-backed securities (ABS) transaction collateralized primarily by a pool of unguaranteed U.S. Small Business Administration’s Section 7(a) loans originated by Hana Small Business Lending, Inc. (“HSBL”), a wholly-owned subsidiary of Hana Financial, Inc. HSBL has successfully securitized the unguaranteed portion of the SBA 7(a) loans in 2012, 2014 and 2016. Hana SBL Loan Trust 2016-1 is the only currently outstanding securitization trust for HSBL with the first two securitization trusts successfully paid off.
Contacts: Sunnie Kim
President and CEO
Hana Financial, Inc.