- Published: May 2012
- Region: Vietnam
Presale: Volvo Financial Equipment LLC Series 2012-1 Mar 12
- Published: March 2012
- Standard & Poors
The preliminary ratings assigned to Volvo Financial Equipment LLC Series 2012-1's asset-backed notes reflect our view of: The availability of approximately 16.00%, 12.90%, and 8.50% credit support (based on stressed break-even cash flow scenarios) for the class A, B, and C notes, respectively. The credit support provides coverage of more than 5.0x, 4.0x, and approximately 3.0x the midpoint of our expected net loss range of 2.70%-3.00% for the class A, B, and C notes, respectively (see the Standard & Poor's Expected Loss section for more information); The transaction's ability to withstand 1.5x our expected net loss level in our "what if" scenario analysis before becoming vulnerable to a negative CreditWatch action or a potential downgrade; The timely interest and principal...
Companies mentioned in this report are: Volvo Financial Equipment LLC, Series 2012-1
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Volvo Financial Equipment LLC, Series 2012-1