Kroll Bond Rating Agency assigned preliminary ratings to three note classes of Business Jet Securities 2018-2, LLC, Secured Notes, Series 2018-2. The notes are newly issued asset-backed securities secured by payments due under the lease of, and loans secured by, business jet aircraft and the economic ownership of each business aircraft subject to an operating lease and terms of the fixed rate notes as of June 14, 2018.

As of March 31, 2018, the aggregate asset value is approximately $821.5 million. The portfolio is comprised of 76 assets to 68 obligors. The average asset value is approximately $10.8 million and the weighted average remaining term is approximately 76 months. Approximately 76.5% of the portfolio is initially on operating leases, while 8.0% are loans and 15.5% are finance leases.