NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns ratings to two note classes issued by Sunnova Sol II Issuer, LLC, Series 2020-2. The transaction is secured by the equity interests of the managing members in the related Project Companies that in the aggregate, own a portfolio of 13,610 leases, power purchase agreements (“PPA”), and EZ Pay PPAs (each a “Solar Service Agreement” or “SSA”), and four hedged solar renewable energy certificate (“SREC”) contracts, associated with residential solar photovoltaic installations (“PV Systems”) and battery units (“Energy Storage System”). Cash flow related to the portfolio is net of operations and maintenance expenses, administrative and insurance…
