DBRS Assigns Ratings to LEAF Receivables Funding 5, LLC, Series 2010-4

DBRS has today assigned the following ratings to the Series 2010-4 notes issued by LEAF Receivables Funding 5, LLC.

The collateral in the transaction are leases and loans (and the related equipment), and rights to receive future scheduled payments under such leases and loans agreements. The LEAF 5, Series 2010-4 transaction represents the fifth term asset-backed securitization backed by collateral originated by LEAF Financial Corporation offered under Rule 144a.

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
09-Dec-10	Series 2010-4, Class A Notes	AAA (sf)	--	Provis.-Final	US E
09-Dec-10	Series 2010-4, Class B Notes	AA (sf)	--	Provis.-Final	US E
09-Dec-10	Series 2010-4, Class C Notes	A (sf)	--	Provis.-Final	US E
09-Dec-10	Series 2010-4, Class D Notes	BBB (sf)	--	Provis.-Final	US E
09-Dec-10	Series 2010-4, Class E-1 Notes	BB (sf)	--	Provis.-Final	US E
09-Dec-10	Series 2010-4, Class E-2 Notes	B (low) (sf)	--	Provis.-Final	US E

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LEAF Receivables Funding 5, LLC - Equipment Contract Backed Notes, Series 2010-4

Series 2010-4, Class A Notes

Date Issued:Dec 9, 2010
Rating Action:Provis.-Final
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-4, Class B Notes

Date Issued:Dec 9, 2010
Rating Action:Provis.-Final
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-4, Class C Notes

Date Issued:Dec 9, 2010
Rating Action:Provis.-Final
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-4, Class D Notes

Date Issued:Dec 9, 2010
Rating Action:Provis.-Final
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-4, Class E-1 Notes

Date Issued:Dec 9, 2010
Rating Action:Provis.-Final
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-4, Class E-2 Notes

Date Issued:Dec 9, 2010
Rating Action:Provis.-Final
Ratings:B (low) (sf)
Trend:--
Rating Recovery:
Issued:USE

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

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