.
The Lessors   Network
Equipment Finance News, Events & Resources
.
.
Bullet  About   Bullet  Contact   Bullet  Email Alerts   Bullet  Membership   Bullet  Publishing   Bullet  SiteMap
.
Lessors Network Header
.
Lessors Network Logo

It's All About Networking !

LinkedIn
Over 1,682 Global Members
.
    Arrow  2017 Events Network
Lessors Network Shadow
    Arrow  Funding Source Network
Lessors Network Shadow
    Arrow  Service Provider Network
Lessors Network Shadow

Founded in 1998 by industry veteran John O. Semon, The Lessors Network showcases the largest equipment finance community on the Web, providing business leaders around the world free access to breaking news, events, funding sources, technology solutions and outsourcing resources exclusive to a $1 trillion U.S. equipment finance market.

The Lessors Network Community is made up of organizations from over 50 countries around the world (Members & Non Members) who have participated in Lessors Network events and/or used our online promotional platforms. See Who...



Breaking News
Arrow  Email Alert Subscription     Arrow  Publishing Network
Lessors Network Shadow
.
Lessors Network Breaking News

Kroll Bond Rating Agency Assigns Preliminary Ratings to Ascentium Equipment Receivables 2017-1 Trust

.

NEW YORK--()--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six note classes of Ascentium Equipment Receivables 2017-1 Trust. The notes are newly issued asset-backed securities backed by a portfolio of equipment leases and loans.

This transaction is Ascentium Capital LLC’s (“Ascentium” or the “Company”) seventh securitization supported by small and mid-ticket general equipment. The transaction features a payment waterfall, whereby all collections after expenses and interest payments will pay down principal, until the target credit enhancement (10.25%) as a percentage of the current collateral balance is reached.

As of April 1, 2017 (the “Statistical Calculation Date”), the collateral consists of equipment loans and leases totaling approximately $226.1 million. The balance of the collateral is subject to certain eligibility criteria and will be funded during a 90-day period (“Pre-Funding Period”) following the closing date and will total approximately $25.2 million. The discounted balance (“Discounted Contract Balance”) for the collateral as of the Statistical Calculation Date is based on the projected equipment loan and lease cash flows discounted at a rate of 4.75%.

KBRA analyzed the transaction using the Equipment Lease & Loan Methodology published on June 30, 2012.

For complete details on the analysis, please see KBRA’s Pre-Sale Report, which was published on April 20, 2017 at www.kbra.com.

Preliminary Ratings Assigned: Ascentium Equipment Receivables 2017-1 Trust

         
Class   Rating   Initial Principal Balance
A-1 Notes   K1+ (sf)   $ 48,048,000
A-2 Notes   AAA (sf)   $ 62,585,000
A-3 Notes   AAA (sf)   $ 87,268,000
B Notes   AA+ (sf)   $ 16,837,000
C Notes   A+ (sf)   $ 11,183,000
D Notes   BBB+ (sf)   $ 9,675,000
   

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

.

  Free Headlines In Your Inbox

Email Alerts
Every day we send out free Email Alerts with the most important headlines of the last 24 hours (excluding slow news days).
.
.
 Blue Arrow


Blue Arrow   Return To Breaking News...
.
Lessors Network Ad

Summit Funding Group

Summit Funding

Summit Funding Group, Inc. has amassed a high performing portfolio in excess of $1.5 billion in equipment lease and finance originations and a history of working with companies of all sizes and most industries. Built to last, we deliver peak results with equipment finance solutions in any economic cycle.

Richard Ross
513.489.1222
.
Visit Website
.

  Membership Registration

Lessors Network Membership
Does Your Association Membership Include Free Multi-Channel Promotion of Your Organization? Why Not?
.
Blue Arrow View Benefits
Blue Arrow Membership Registration
.


A Lessors.com, Inc. Company     © Copyright 1998 - 2017
.