Today we are sharing performance data from the Prosper portfolio for May 2018. Prosper is continuing to migrate to a higher rated credit book. 54.1% of originations for the month of May were rated AA-B.
Today we are sharing performance data from the Prosper portfolio for April 2018. Prosper is continuing to migrate to a lower risk book. In April, 55.2% of assets were rated AA-B vs. 53.5% in March.
Today we are sharing performance data from the Prosper portfolio for March 2018. While the credit tightening theme we highlighted in February continues in the riskier grades, a slight downward shift in the AA portion of the book resulted in 53.5% of assets being rated AA-B in March vs. 56.1% in February 2018. In 2017 Q4 AA-B comprised 49.5% of originations.
Today we are sharing performance data from the Prosper portfolio for February 2018. In addition to the update, we recently made pricing changes on our platform in light of the 25bps Fed rate increase. This update is part of our ongoing efforts maintain a balanced marketplace that builds value for both borrowers and their investors.
Earlier this week in anticipation of the Fed Rate hike, we discussed Prosper’s approach to portfolio pricing in a rising rate environment. Our goal with rate-setting is to deliver value for both sides of the Prosper platform by providing a fair price for borrowers and a reasonable return for investors.
When the Federal Reserve next meets on March 21, many are speculating that there will be a rate hike. In addition, many indicators are pointing to the US finally entering a rising rate environment after years of record low rates. In light of this, it’s timely to provide Prosper’s investors with an update on our approach for portfolio pricing in a rising rate environment.