Today we are sharing performance data from the Prosper portfolio for July 2018. Highlights from the July report include:
Prosper is continuing to migrate to a higher rated credit book. ~58% of originations for the month of July were rated AA-B.
Prosper to Introduce Historical Return Data
Prosper will be changing the way we present the return information on our website and will begin providing historical return data for each Prosper rating. This move from expected returns to historical data is intended to give our investors even greater insight into the Prosper platform’s performance as they make their investment decisions.
Prosper Announces Pricing Changes
In March, we discussed Prosper’s approach to portfolio pricing in a rising interest rate environment. Prosper is committed to delivering value for both sides of the platform by providing a fair price for borrowers and a reasonable return for investors. With this objective in mind, we have been increasing the borrower rates on our platform since March to stay in-line with changes in the interest rate environment (Exhibit A).
