Tesla Energy is preparing to issue a $344.0 million ABS backed by proceeds from solar-power generating systems on residential properties. The planned TES 2017-1, LLC, Series 2017-1 received an A- rating from Kroll Bond Rating Agency last week. The transaction is secured by proceeds on a portfolio of 33,499 leases and power-purchase agreements associated with solar photovoltaic systems. The leases and PPAs were originated by SolarCity, which does business under ...