DBRS Morningstar Discontinues Rating on Element Fleet Lease Receivables L.P.

DBRS Limited (DBRS Morningstar) discontinued its 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Variable Funding Investor Notes, Class A (the Notes) issued by Element Fleet Lease Receivables L.P., as the rating was withdrawn.

The last rating action on the Notes was on December 11, 2018, when the rating was confirmed at AAA (sf).

Notes:
The principal methodology is Master Canadian Structured Finance Surveillance Methodology (June 2019), which can be found on dbrs.com under Methodologies & Criteria.

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

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

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