DBRS Assigns Ratings to Alliance Laundry Equipment Receivables Trust 2009-A

DBRS has assigned a AA (sf) rating to the notes issued by Alliance Laundry Equipment Receivables Trust 2009-A (“ALERT 2009-A”). The ALERT 2009-A notes have been issued in an amount not to exceed $330 million, with a sub-limit of $60 million for the receivables notes. There are two asset types in this facility: equipment loans and trade receivables.

The ALERT 2009-A assets are a revolving pool of diversified equipment loans and trade receivables. The facility’s revolving period termination date is June 2013. The final scheduled distribution date for the equipment loan notes is one hundred twenty six (126) month after the revolving period termination date, and 12 months for the receivables notes after revolving period termination date.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.