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Rating Assigned To Adriano Lease Sec.'s Class A Italian Lease Receivables ABS Notes Dec 11
Standard & Poors, December 2011
OVERVIEW We have assigned a 'AAA (sf)/Watch Neg' rating to Adriano Lease Sec.'s class A asset-backed floating-rate notes. This is the first public leasing transaction with Leasint as originator that we rate, and the first transaction from this issuer. MILAN (Standard & Poor's) Dec. 29, 2011--Standard & Poor's Ratings Services today assigned its 'AAA (sf)/Watch Neg' credit rating to Adriano Lease Sec. S.r.l.'s -2,787.60 million class A asset-backed floating-rate notes. Adriano Lease Sec. also issued -3,044.32 million unrated class B notes (see list below). The notes are backed by a portfolio of lease receivables categorized into three pools: Vehicles, equipment, and real estate. The lease originator, Leasint SpA (not rated), is a leading Italian leasing company and a member of...
Companies mentioned in this report are: Adriano Lease Sec. S.r.l.
Action: New Rating
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Research type: News
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Adriano Lease Sec. S.r.l.