DBRS Confirms Ratings on LEAF Capital Funding SPE A, LLC, Equipment Contract Backed Notes, Series 2012-A

DBRS, Inc. (DBRS) has confirmed ratings on the following Notes:

– Series 2012-A, Class A Notes rated AAA (sf)
– Series 2012-A, Class B Notes rated AA (sf)
– Series 2012-A, Class C Notes rated ‘A’ (sf)
– Series 2012-A, Class D Notes rated BBB (sf)
– Series 2012-A, Class E-1 Notes rated BB (sf)
– Series 2012-A, Class E-2 Notes rated B (low) (sf)

DBRS has reviewed certain amendments to LEAF Capital Funding SPE A, LLC, Equipment Contract Backed Notes, Series 2012-A. Based on our review of the amendments, DBRS confirms the existing ratings assigned by DBRS to the outstanding notes issued by the Issuer.

The facility provides financing to the activities of LEAF Commercial Capital, Inc, a specialty finance company that engages primarily in the origination of small ticket and middle ticket equipment leases.

Note:
The applicable methodology is DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.