Ascentium Capital issued a $271 million small-ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2016-2.

This securitization is Ascentium’s sixth securitization since 2012 and includes both Moody’s Aaa and Fitch AAA ratings. The ratings are accredited to key performance indicators including the overall quality of the finance contracts, strong performance and the experience of the Ascentium Capital’s executive team.

“This securitization provides our organization with additional opportunities to meet our growth initiatives,” commented Tom Depping, chief executive officer at Ascentium Capital.

Evan Wilkoff, executive vice president of Capital Markets, stated, “It is rewarding to impact our capital strategy and receive continued validation on our asset quality and servicing performance.”