DBRS Confirms BBB (low) (sf) Rating on NL LP’s 2015-A Class B Note

DBRS Limited (DBRS) has today confirmed the following rating on the 2015-A Class B Note (the Note) issued by NL LP:

-- 2015-A Class B Note rated BBB (low) (sf)

The Note is supported by a portfolio of receivables secured by small and mid-ticket equipment. The rating was assigned at the request of the owner of the Note for regulatory purposes and is subordinated to the Class A Notes.

Notes:
The applicable methodologies are Rating Canadian Equipment Finance Securitization, Legal Criteria for Canadian Structured Finance, Master Canadian Structured Finance Surveillance and Derivatives Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.

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