Commercial truck lessor Automotive Rentals Inc. (ARI) is sharply reducing exposure to oil & gas exploration clients in its new $575.2 million fleet securitization of specialty vehicle leases.

According to presale reports issued Wednesday by Fitch Ratings and S&P Global Ratings, open-end truck lease contracts to oil & gas companies account for only 4.68% of the collateral for ARI Fleet Lease Trust 2017-A, down from more than 11% in ARI’s only 2016 transaction.

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