Fitch Ratings assigned the following ratings to the MMAF Equipment Finance LLC 2016-A notes:

• $144,000,000 class A-1 ‘F1+sf’;
• $190,000,000 class A-2 ‘AAAsf’; Outlook Stable;
• $176,000,000 class A-3 ‘AAAsf’; Outlook Stable;
• $185,000,000 class A-4 ‘AAAsf’; Outlook Stable;
• $91,990,000 class A-5 ‘AAAsf’; Outlook Stable.

Fitch’s stress and rating sensitivity analysis are discussed in the presale report titled, ‘MMAF Equipment Finance LLC 2016-A’ dated April 26, 2016.