NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns preliminary ratings to three classes of notes issued by Navient Refinance Loan Trust 2026-C (“NAVRL 2026-C”), an asset-backed securitization collateralized by private education refinance loans. NAVRL 2026-C will issue three classes of notes totaling $682.80 million. Initial credit enhancement ranges from 15.27% for the Class A Notes to 8.00% for the Class C Notes. Credit enhancement consists of overcollateralization, subordination, and the senior and subo