KBRA Affirms Ratings on Trinity Rail Leasing 2021 LLC, Series 2021-1
30 May 2024 | New York
KBRA affirms the ratings on the Class A Notes and the Class B Notes, together, the “Notes” from the Series 2021-1 issued by Trinity Rail Leasing 2021 LLC, a securitization collateralized by railcars and their related leases. KBRA’s analysis indicated that existing credit enhancement for the Notes is sufficient to support the affirmed ratings. This review accounts for the Series 2024-1 Notes (approximately $432.4 million) which recently closed on May 30, 2024. Following the issuance of Trinity Rail Leasing 2021 LLC, Series 2024-1, the total original balance issuance amount is approximately $757.4 million, with approximately $721.9 million outstanding. The data used for this review is as of the Series 2024-1 closing date and the April 2024 payment date report. To date, all Notes have received timely interest and scheduled principal payments.
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