Moody’s rating service removed its warning on specific crowdfunded debt securities issued by Prosper and sold to investors through Citigroup. This action by Moody’s came after Prosper increased its loss projection to 13.1% of remaining assets in the pool.
This news emphasises what I’ve said over and over: successful crowdfunding is based on good fundamental accounting. This is true both from the issuer side as well as from the investor side. Both must rely on accurate financial information.
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