DBRS Confirms Ratings on Ascentium Funding I LLC

DBRS, Inc. (DBRS) has confirmed the ‘A’ (high) (sf) rating on 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 is currently funded by Credit Suisse AG.

The assets in the facility include a revolving pool of diversified equipment loans and leases. The facility’s commitment termination date was extended to August 2014. 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.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.