KBRA Takes Rating Actions on Six Securities from Three North American Railcar Lease ABS Securitizations, Resolves Watch Placements
22 Oct 2024 | New York
KBRA upgraded five and affirmed one rating from three railcar ABS securitizations following a review which indicated that existing credit support is sufficient to support the revised and affirmed ratings. Concurrently, the five upgraded ratings were removed from Watch Upgrade, where they were placed on September 9, 2024 following the publication of KBRA’s North American Railcar Lease ABS Rating Methodology on September 9, 2024. The prior Watch Placements were effectuated following KBRA’s evaluation of the potential impact of the new methodology on ratings issued in connection with 21 outstanding railcar ABS securitizations.
The rating actions follow the review of each of the transactions utilizing the methodology, which incorporated the most recent payment date report data. The rating actions are detailed in the table further below.
For additional information regarding a specific transaction, see the list below to access ratings, new issue reports, and disclosures: