$202 Million in Ascentium Capital’s ABS Notes Upgraded and Affirmed by DBRS
KINGWOOD, TX, March 21, 2016 – Ascentium Capital, a national commercial lender providing comprehensive finance solutions, announced that DBRS upgraded and affirmed certain small-ticket equipment lease backed securities issued from Ascentium Equipment Receivables 2015-1 LLC.
“This upgrade reflects our portfolio’s solid performance which continues to be driven by high credit quality obligors diversified across various industries and equipment types. These factors help enable our ability to grow our portfolio and effectively manage credit risk,” commented Evan Wilkoff, Executive Vice President of Capital Markets at Ascentium Capital.
As a direct lender, Ascentium Capital LLC specializes in providing a broad range of business financing, leasing and working capital loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by the strength of leading investment firms Vulcan Capital and LKCM Capital Group, LLC. For more information, please visit AscentiumCapital.com.
Monica Bruegl, Sr. Vice President of Marketing
Ascentium Capital LLC
The National Equipment Finance Association (NEFA) is a nonprofit trade association created to represent the equipment leasing and finance industry throughout North America by providing a forum for personal and professional growth through Community, Education and Professionalism.