KBRA Affirms Ratings for Blue Stream Issuer, LLC
9 May 2024 | New York
KBRA has affirmed its ratings on four classes of notes issued by Blue Stream Issuer LLC’s Series 2023-1, a communications infrastructure securitization (CIS). Founded in 1978, Blue Stream Communications LLC (Blue Stream or the Company) is the owner and operator of fiber-to-the-premise (FTTP) network systems. Blue Stream and its affiliates provide various communication services, including video, broadband and telephony over its FTTP network. KBRA’s analysis indicated that existing credit enhancement for the Notes is sufficient to support the affirmed ratings. The data used for this review is as of the March 2024 collection period (April 2024 payment date). To date, the securities have received timely interest payments and scheduled principal payments, if applicable.
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