$202 Million in Ascentium Capital's ABS Notes Upgraded and Affirmed by DBRS
March 21, 2016
KINGWOOD, TX – 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.
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