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KBRA Upgrades Stonebriar Commercial Finance’s 2017-1 Notes

February 28, 2018, 07:00 AM
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Topic: Industry News

Kroll Bond Rating Agency announced that it has upgraded each class of notes on the SCF Equipment Trust 2017-1 LLC Equipment Contract Back Notes, Series 2017-1.

The upgrades were the following:

Class A Notes: Prior Rating A+; Current Rating: AA-
Class B Notes: Prior Rating BBB; Current Rating: BBB+
Class C Notes: Prior Rating BB; Current Rating: BBB-
Class D Notes: Current Rating B-; Current Rating: B

Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through four distinct platforms—General Equipment, Aviation Capital, Rail Leasing, and NonBank Lender, a provider of SBA-supported solutions.

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