DBRS Assigns Provisional Ratings to Ascentium Equipment Receivables 2015-2 Trust

DBRS, Inc. (DBRS) has today assigned provisional ratings to the following Series 2015-2 notes issued by Ascentium Equipment Receivables 2015-2 Trust:

-- Class A-1 rated R-1 (high) (sf)
-- Class A-2 rated AAA (sf)
-- Class A-3 rated AAA (sf)
-- Class B rated AAA (sf)
-- Class C rated A (sf)
-- Class D rated BBB (high) (sf)
-- Class E rated BB (high) (sf)
-- Class F rated B (sf)

The ratings assigned by DBRS to each class of notes are based on the following considerations:

-- Credit enhancement available to each class of notes is sufficient to pay timely periodic interest and principal by the final maturity date on each class of notes in the DBRS’s cash flow modeling analysis.
-- Ascentium Capital LLC’s (Ascentium) management has considerable experience and expertise in the equipment leasing market.
-- The expected Asset Pool is granular and of relatively high credit quality.
-- DBRS views Ascentium as an acceptable originator and servicer of the small-ticket equipment collateral.

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

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