DBRS Upgrades Ascentium’s Equipment Receivables

Ascentium Capital announced that DBRS upgraded Ascentium Equipment Receivables 2012-1 LLC Classes B and C to “AAA (sf)”.

Due to the positive performance trends and increased credit support, DBRS recently determined the seasoned transaction sufficient to tolerate stresses at the highest rating level. “We are grateful for the confidence that DBRS places in the Ascentium Capital platform. Record volume in 2014 and projected growth in 2015 will enable us to efficiently access the asset-backed securities (ABS) market going forward as we continue our programmatic issuances,” said Evan Wilkoff, EVP of Capital Markets at Ascentium Capital.

As a direct lender, Ascentium Capital specializes in providing business financing, leasing and loans for equipment manufacturers and distributors as well as direct to businesses nationwide.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.