KBRA Assigns Preliminary Rating to Canon Music Issuer Trust, Series 2026-1 for Music Royalty Securitization

KBRA has assigned a preliminary rating to a class of notes for Canon Music Issuer Trust, Series 2026-1, marking Chord Music Partner's first music royalty securitization. The transaction is collateralized by royalties from a music catalog featuring content from artists like Suicide Boys, Morgan Wallen, Ryan Tedder, Diplo, and ZZ Top.