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.
Today, in addition to sharing performance data from the Prosper portfolio for June 2018, we are excited to introduce our new Chief Credit Officer, Ashish Gupta. Ashish joined Prosper in 2017 and was appointed Chief Credit Officer in the beginning of July 2018. In his current role, Ashish oversees all elements of Prosper’s credit strategy, including pricing, underwriting strategy, verification strategy, loss-forecasting, model development, model governance and credit risk aspects of new product development.
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.