LEAF Receivables Funding 12, LLC - Equipment Contract Backed Notes, Series 2017-1: Rating Report

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  25-May-17	Class A-1	R-1 (high) (sf)	--	Provis.-Final	US
  25-May-17	Class A-2	AAA (sf)	--	Provis.-Final	US
  25-May-17	Class A-3	AAA (sf)	--	Provis.-Final	US
  25-May-17	Class A-4	AAA (sf)	--	Provis.-Final	US
  25-May-17	Class B	AAA (sf)	--	Provis.-Final	US
  25-May-17	Class C	AA (sf)	--	Provis.-Final	US
  25-May-17	Class D	A (sf)	--	Provis.-Final	US
  25-May-17	Class E-1	BBB (high) (sf)	--	Provis.-Final	US
  25-May-17	Class E-2	BB (high) (sf)	--	Provis.-Final	US

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