Approximately $426 million of asset-backed securities affected
Philadelphia, PA – November 16, 2015—LEAF Commercial Capital, Inc. (“LEAF”), a leading independent equipment leasing and finance company headquartered in Philadelphia, PA, has announced that Moody’s has upgraded five securities and affirmed sixteen others from the LEAF Receivables Funding, LLC, Series 2012-1, 2013-1 and 2015-1. The transactions are securitizations of small-ticket equipment leases serviced by LEAF Commercial Capital, Inc. The securities being upgraded included Classes E-1 and E-2 from 2012-1 and Classes D, E-1 and E-2 from 2013-1. The ratings of all other Classes in the aforementioned securitizations were affirmed.
Matthew Goldenberg, Senior Vice President and Treasurer of LEAF, stated, “LEAF Commercial Capital is pleased with Moody’s decision to upgrade five securities from the LEAF ABS program. It is validation of our strong and consistent portfolio performance and demonstrates our commitment to our Investors.”
About LEAF Commercial Capital, Inc.
LEAF Commercial Capital, Inc. (“LEAF”) is one of the leading equipment leasing and finance companies in the U.S. Headquartered in Philadelphia, PA. LEAF serves the small- to mid-ticket equipment finance marketplace and maintains a nationwide origination footprint, working with manufacturers as well as vendors of business-essential equipment and software in a variety of industries. www.LEAFnow.com.