DBRS Assigns Rating to LEAF Capital Funding SPE B, LLC Class B Notes and Upgrades Class A Notes
EquipmentDBRS has today taken the following rating actions to the notes issued by LEAF Capital Funding SPE B, LLC, pursuant to the Omnibus Amendment No. 2 of the Purchase and Contribution Agreement and Loan and Security Agreement dated March 13, 2014:
-- Assigned a rating of BBB (sf) to the Class B Notes issued in an amount of up to $6,849,315.
-- Upgraded the rating on the Class A Notes issued in an amount of up to $100,000,000 to A (high) (sf).
The assets securing the LEAF Capital Funding SPE B, LLC notes are a revolving pool of diversified equipment loans and leases. The committed revolving period of the facility expires in November 2014. Credit Suisse AG, New York Branch, serves as Lender and Administrative Agent.
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.
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