Trinity Rail Leasing 2018 LLC $482.5 Million Notes Assigned Preliminary Ratings

Stocks and Financial Services Press Releases Friday June 8, 2018 09:48
NEW YORK--8 Jun--S&P Global Ratings

NEW YORK (S&P Global Ratings) June 7, 2018--S&P Global Ratings today assigned its preliminary ratings to Trinity Rail Leasing 2018 LLC's $482.5 million fixed-rate secured railcar equipment notes (see list). T

he note issuance is an asset-backed securities transaction backed by a $621,564,241 (the adjusted value as of March 31, 2018) portfolio containing 7,090 railcars. This combined fleet backs the $482.5 million series 2018-1 notes. The issuer has the right to lease revenues from the portfolio and any residual cash flows from the sale of the railcars.

The preliminary ratings are based on information as of June 7, 2018. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.
The preliminary ratings reflect: