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Rating Assigned To Adriano Lease Sec.'s Class A Italian Lease Receivables ABS Notes Dec 11 Product Image

Rating Assigned To Adriano Lease Sec.'s Class A Italian Lease Receivables ABS Notes Dec 11

  • Published: December 2011
  • Region: Italy
  • Standard & Poors

FEATURED COMPANIES

  • Adriano Lease Sec. S.r.l.
  • MORE

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating READ MORE >

- Adriano Lease Sec. S.r.l.

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