Press Release

DBRS Discontinues Ratings on Ascentium Securities

Equipment
November 22, 2016

DBRS, Inc. (DBRS) has today discontinued its ratings on the Ascentium Equipment Receivables 2015-1 LLC, Ascentium Equipment Receivables 2015-2 Trust, Ascentium Equipment Receivables 2016-1 Trust and Ascentium Funding I LLC securities listed below due to a conflict of interest related to common ownership of DBRS and the sponsor of the transactions.

The following ratings are now Discontinued-Withdrawn:
-- Ascentium Equipment Receivables 2015-1 LLC, Class A-2, previously rated AAA (sf)
-- Ascentium Equipment Receivables 2015-1 LLC, Class A-3, previously rated AAA (sf)
-- Ascentium Equipment Receivables 2015-1 LLC, Class B, previously rated AAA (sf)
-- Ascentium Equipment Receivables 2015-1 LLC, Class C, previously rated AA (sf)
-- Ascentium Equipment Receivables 2015-1 LLC, Class D, previously rated AA (low) (sf)
-- Ascentium Equipment Receivables 2015-1 LLC, Class E, previously rated A (high) (sf)
-- Ascentium Equipment Receivables 2015-2 Trust, Class A-2, previously rated AAA (sf)
-- Ascentium Equipment Receivables 2015-2 Trust, Class A-3, previously rated AAA (sf)
-- Ascentium Equipment Receivables 2015-2 Trust, Class B, previously rated AAA (sf)
-- Ascentium Equipment Receivables 2015-2 Trust, Class C, previously rated A (high) (sf)
-- Ascentium Equipment Receivables 2015-2 Trust, Class D, previously rated A (low) (sf)
-- Ascentium Equipment Receivables 2015-2 Trust, Class E, previously rated BBB (low) (sf)
-- Ascentium Equipment Receivables 2016-1 Trust, Series 2016-1, Class A-1, previously rated R-1 (high) (sf)
-- Ascentium Equipment Receivables 2016-1 Trust, Series 2016-1, Class A-2, previously rated AAA (sf)
-- Ascentium Equipment Receivables 2016-1 Trust, Series 2016-1, Class A-3 previously rated AAA (sf)
-- Ascentium Equipment Receivables 2016-1 Trust, Series 2016-1, Class B previously rated AAA (sf)
-- Ascentium Equipment Receivables 2016-1 Trust, Series 2016-1, Class C previously rated A (high) (sf)
-- Ascentium Equipment Receivables 2016-1 Trust, Series 2016-1, Class D previously rated BBB (high) (sf)
-- Ascentium Equipment Receivables 2016-1 Trust, Series 2016-1, Class E previously rated BB (high) (sf)
-- Ascentium Funding I LLC, Facility, previously rated AA (sf)

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

Ratings

Ascentium Equipment Receivables 2015-1 LLC
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
Ascentium Equipment Receivables 2015-2 Trust
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
Ascentium Equipment Receivables 2016-1 Trust
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
Ascentium Funding I LLC
  • Date Issued:Nov 22, 2016
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • 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.