DBRS Confirms Element Fleet Lease Receivables L.P. at AAA (sf)

DBRS Limited (DBRS) confirmed the rating on the Series 2014-1 Floating Rate Asset Backed Variable Funding Investor Notes, Class A (the Notes) issued by Element Fleet Lease Receivables L.P.:

-- Series 2014-1 Floating Rate Asset Backed Variable Funding Investor Notes, Class A at AAA (sf)

The Notes are backed by a portfolio of auto fleet lease receivables.

The rating was assigned at the request of the note purchasers.

Notes:
The principal methodology is Master Canadian Structured Finance Surveillance Methodology (May 2018), which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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