Press Release

DBRS Assigns Provisional Ratings to Axis Equipment Finance Receivables LLC

Equipment
March 07, 2012

DBRS has today assigned provisional ratings to the following classes issued by Axis Equipment Finance Receivables LLC:

  • Class A rated AA (sf)
  • Class B rated A (sf)
  • Class C rated BBB (sf)
  • Class D rated BB (sf)
  • Class E-1 rated B (sf)

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.

The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

Ratings

Axis Equipment Finance Receivables LLC
  • Date Issued:Mar 7, 2012
  • Rating Action:Provis.-New
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Mar 7, 2012
  • Rating Action:Provis.-New
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Mar 7, 2012
  • Rating Action:Provis.-New
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Mar 7, 2012
  • Rating Action:Provis.-New
  • Ratings:BB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Mar 7, 2012
  • Rating Action:Provis.-New
  • Ratings:B (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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.