DBRS Assigns Provisional Rating to Class A of Equipment Contract-Backed Notes, Series 2014-1 issued by Nations Equipment Finance Funding II, LLC

DBRS, Inc. (DBRS) has today assigned a provisional rating of A (sf) to Class A of the Equipment Contract-Backed Notes, Series 2014-1 (Class A Notes) issued by Nations Equipment Finance Funding II, LLC (the Issuer). The Class A Notes are issued in the amount of $149,784,000. The assets securing the Class A Notes consist of a segregated pool of commercial equipment loan and lease contracts relating to a range of construction, transportation, mining, oil and gas drilling and other equipment, together with moneys received relating thereto and any additional related security as well as certain transaction accounts.

The Class A Notes represent the most senior class of the notes issued by the Issuer and have a stated maturity date in July 2018. U.S. Bank National Association serves as the Trustee, the Custodian, the Securities Intermediary, the Lockbox Bank and the U.S. Backup Servicer. Portfolio Financial Servicing Company serves as the Canadian Backup Servicer.

Note:
All figures are in U.S. dollars unless otherwise noted.

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.

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.