Press Release

DBRS Assigns Provisional Ratings to LEAF Receivables Funding 10, LLC - Equipment Contract Backed Notes, Series 2015-1

Equipment
April 21, 2015

DBRS, Inc. has today assigned provisional ratings to the following classes issued by LEAF Receivables Funding 10, LLC - Equipment Contract Backed Notes, Series 2015-1:

-- Series 2015-1, Class A-1 Notes rated R-1 (high) (sf)
-- Series 2015-1, Class A-2 Notes rated AAA (sf)
-- Series 2015-1, Class A-3 Notes rated AAA (sf)
-- Series 2015-1, Class A-4 Notes rated AAA (sf)
-- Series 2015-1, Class B Notes rated AAA (sf)
-- Series 2015-1, Class C Notes rated AA (low) (sf)
-- Series 2015-1, Class D Notes rated A (low) (sf)
-- Series 2015-1, Class E-1 Notes rated BBB (low) (sf)
-- Series 2015-1, Class E-2 Notes rated BB (low) (sf)

Notes:
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, which can be found on our website under Methodologies.

The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.

DBRS’s rating definitions and the terms of use of such ratings are available at www.dbrs.com.

Ratings

LEAF Receivables Funding 10, LLC - Equipment Contract Backed Notes, Series 2015-1
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:R-1 (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:AA (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:A (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:BBB (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 21, 2015
  • Rating Action:Provis.-New
  • Ratings:BB (low) (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.