In New York, KBRA has assigned preliminary ratings to Lightpath Fiber, LLC's Series 2026-1 (Lightpath 2026-1) communications infrastructure securitization (CIS). This issuance is backed by fiber network assets and contracts. Lightpath 2026-1 marks the inaugural securitization for Lightpath Fiber, LLC. The structure of the transaction is a master trust, enabling the potential issuance of supplementary classes.