Renovate America, the nation's largest provider of Property Assessed Clean Energy financing, today welcomed a new analysis by Kroll Bond Rating Agency that identifies several positive developments in the PACE industry and says concerns about foreclosures on properties with PACE assessments “may be overstated.” Kroll, which has rated the senior tranches of all 22 public residential PACE asset-backed securitization transactions, said it reviewed property-tax performance data for homes with PACE assessments in California – the largest marketplace for PACE financing – that were provided in the state Department of Business Oversight's annual report of PACE originators.

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