DBRS Finalizes Provisional Ratings of CCG Receivables Trust 2014-1 1
EquipmentDBRS has today finalized its provisional ratings of the following classes of notes issued by CCG Receivables Trust 2014-1. The notes are secured by a portfolio of diversified mid-ticket equipment loans, leases, related assets and proceeds thereof.
-- Class A-1, rated R-1 (high) (sf); maturity date: May 2015
-- Class A-2, rated AAA (sf); maturity date: November 2021
-- Class B, rated A (sf); maturity date: November 2021
The transaction provides financing for the activities of Commercial Credit Group Inc., a specialty finance company that engages primarily in the origination of mid-ticket equipment loans to obligors in transportation, waste management and construction sectors in the United States.
Notes:
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.
DBRS’s rating definitions and the terms of use of such ratings are available at www.dbrs.com.
This rating is endorsed by DBRS Ratings Limited for use in the European Union.
The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link below or by contacting us at info@dbrs.com.
Ratings
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