KINGWOOD, TX – Ascentium Capital, a national commercial lender providing comprehensive finance solutions, announced that DBRS upgraded Ascentium Equipment Receivables 2012-1 LLC Classes B and C to “AAA (sf)”.
Due to the positive performance trends and increased credit support, DBRS recently determined the seasoned transaction sufficient to tolerate stresses at the highest rating level. “We are grateful for the confidence that DBRS places in the Ascentium Capital platform. Record volume in 2014 and projected growth in 2015 will enable us to efficiently access the asset-backed securities (ABS) market going forward as we continue our programmatic issuances,” remarked Evan Wilkoff, Executive Vice President of Capital Markets at Ascentium Capital.
As a direct lender, Ascentium Capital specializes in providing business financing, leasing, and loans for equipment manufacturers and distributors as well as direct to businesses nationwide. The company has obtained the ranking as the fifth largest private-independent finance company by volume in the United States. For more information, please visit AscentiumCapital.com.