$265 Million in Ascentium Capital’s ABS Notes Upgraded and Affirmed by Moody's
February 25, 2016
Kingwood, TX - Ascentium Capital, a national commercial lender providing comprehensive finance solutions, announced that Moody's Investors Service upgraded and affirmed certain small-ticket equipment lease backed securities issued from Ascentium Equipment Receivables 2014-1 and 2015-1 LLC.
The upgrade was a result of strong collateral, credit enhancement and portfolio performance. The credit assumptions include Moody's expected lifetime cumulative net loss (CNL) expectation remain unchanged at 2.00% and 2.25% respectively.
“This upgrade mirrors the accomplishments that Ascentium Capital has achieved in transaction diversification and the ability to maintain a portfolio which enables us to mitigate risk,” commented Tom Depping, Chief Executive Officer at Ascentium Capital.
As a direct lender, Ascentium Capital LLC specializes in providing a broad range of business financing, leasing and working capital loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by the strength of leading investment firms Vulcan Capital and LKCM Capital Group, LLC. For more information, please visit AscentiumCapital.com.
Get the latest news, financing promotions, and other updates delivered right to your inbox.
With Ascentium Capital you benefit from years of experience providing just the financing solutions you need to capitalize on business opportunities.