KBRA Affirms Ratings on Signal Rail I LLC, Series 2021-1
22 May 2024 | New York
Kroll Bond Rating Agency (KBRA) affirms the ratings on the Class A Notes and the Class B Notes, (collectively, the Notes) of the Signal Rail I LLC, Series 2021-1, a securitization collateralized by railcars and their related leases. The affirmations are based on KBRA’s analysis which indicated the performance of the securitization and existing credit enhancement for the notes is sufficient to support the affirmed ratings. This review accounts for the Series 2024-1 Notes (approximately $125.4 million) which recently closed on May 22, 2024. Following the issuance of Signal Rail I LLC, Series, Series 2024-1, the total original balance issuance amount is approximately $390.4 million, with approximately $365.4 million outstanding. Since transaction closing, all timely note interest and scheduled principal payments, if applicable, have been made. 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.
To access rating and relevant documents, click here.
Click here to view the report.