Press Release

DBRS Assigns Provisional Ratings to Navitas Equipment Receivables LLC 2015-1, Receivable-Backed Notes

Equipment
March 16, 2015

DBRS Inc. (DBRS) has today assigned provisional ratings to the following Series 2015-1 Notes issued by Navitas Equipment Receivables LLC 2015-1 LLC:

-- Class A-1 Notes rated R-1 (high) (sf)
-- Class A-2 Notes rated AA (sf)
-- Class B Notes rated A (sf)
-- Class C Notes rated BBB (sf)
-- Class D Notes rated BB (sf)

Notes:
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 below or by contacting us at info@dbrs.com.

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

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations (September 2014), which can be found on our website under Methodologies.

Ratings

Navitas Equipment Receivables LLC 2015-1 LLC
  • Date Issued:Mar 16, 2015
  • Rating Action:Provis.-New
  • Ratings:R-1 (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Mar 16, 2015
  • Rating Action:Provis.-New
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Mar 16, 2015
  • Rating Action:Provis.-New
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Mar 16, 2015
  • Rating Action:Provis.-New
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Mar 16, 2015
  • Rating Action:Provis.-New
  • Ratings:BB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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.