DBRS Assigns Ratings to Ascentium Funding I LLC

DBRS has assigned an ‘A’ (high) (sf) rating to the Ascentium Funding I LLC facility. Ascentium Funding I LLC is a wholly owned subsidiary of Ascentium Capital LLC, formerly Main Street Bank. Ascentium Capital LLC is the originator and servicer of the leases in the facility.

The facility initially closed in August 2011 and has been issued in an amount not to exceed $250 million. The facility is funded by UBS Real Estate Securities, Inc.

The assets in the facility include a revolving pool of diversified equipment loans and leases. The facility’s commitment termination date is August 2013, unless extended. The rated maturity date for the facility is 84 months after the maturity 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.