KBRA Places Ratings of Five Securities Across Three North American Railcar ABS Lease Securitizations on Watch Upgrade

Earlier today, KBRA released its North American Railcar Lease ABS Rating Methodology. KBRA evaluated its 21 outstanding Railcar ABS Lease transactions using the new methodology and determined that five securities have the potential to be upgraded by as many as three notches.

The five ratings, which are listed below, were issued in connection with three of the 21 Railcar ABS Lease securitizations rated by KBRA. KBRA is seeking to resolve the Watch Placements following a review of the transactions, which it expects to complete within 90 days.

For additional information regarding a specific transaction, see the list below to access ratings, reports, and disclosures:

Methodologies