Wheels Fleet Lease Funding 1 LLC, Series 2024-1: Presale Report

DBRS, Inc. (Morningstar DBRS) assigned provisional ratings to the Wheels Fleet Lease Funding 1 LLC, Series 2024-1 transaction as listed. Wheels, LLC (Wheels) has more than 25 years of securitization experience as evidenced by the execution of more than 80 asset-backed transactions (the most recent issued was 2023-2). Wheels, founded in 1939 by the Frank family in Chicago, is the first known fleet management company. Wheels is a strategic fleet management company providing clients with optimized vehicle solutions to meet business transportation requirements.