KBRA assigned preliminary ratings to six classes of notes that will be issued from Channel EF 2026-1 (CPEF 2026-1), an equipment ABS transaction. Credit enhancement includes excess spread, a reserve account, overcollateralization (O/C) and subordination for senior classes. The O/C is subject to a target equal to 13.80% of the current pool balance and a floor equal to 0.50% of the initial pool balance. The reserve account is funded at 1.00% of the initial pool balance and is non-amortizing.
To access ratings and relevant documents, click here.
