Non-bank mortgage provider RedZed Lending Solutions Pty Limited is marketing its second securitisation deal of the year, backed by a collateral pool of almost A$250 million in loans. Moody's Investors Service has assigned the following provisional ratings to the notes, to be issued by Perpetual Trustee Company Limited as trustee of RedZed Trust Series 2017-2:•      $150.00 million Class A-1 Notes, Assigned (P), Aaa (sf)•        $56.50 million Class A-2 Notes, Assigned (P)Aaa (sf)•        $23.75 million Class B Notes, Assigned (P)Aa2 (sf)•          $4.75 million Class C Notes, Assigned (P)A2 (sf)•          $4.75 million Class D Notes, Assigned (P)Baa2 (sf)•          $4.25 million Class E Notes, Assigned (P)Ba2 (sf)•          $2.50 million Class F Notes, Assigned (P)B2 (sf)The $3.50 million of Class Notes are not rated by Moody's.The transaction is a securitisation of first ranking mortgage loans secured over residential properties located in Australia. The loans were originated and are serviced by RedZed. In line with RedZed's business model and strategy to focus on the self-employed market around 92 per cent of the loans in the collateral pool are to self-employed borrowers, 88 per cent were extended on alternative income documentation verification basis (so-called "alt doc" loans), and almost 19 per cent are to borrowers with adverse credit history - based on Moody's own classifications.The pool has a weighted-average scheduled loan-to-value of 70.3 per cent, while 29 per cent of the loans have scheduled LTV over 80 per cent. Loans secured by investment properties represent 42 per cent of the pool, with further six per cent of loans secured by both owner-occupied and investment properties. Interest only loans represent 37 per cent of the pool.Based on Moody's classifications, around 18.7 per cent of borrowers have adverse credit history.