CNH Industrial Capital America is prepping a $1 billion equipment lease securitization, CNH Equipment Trust 2014-C, its third of the year.

Fitch Ratings has assigned a preliminary ‘F1’ rating to $219 million of money market notes and an ‘AAA’ rating to three classes of longer term notes, including $280 million with a legal final maturity of December 2017, $350 million maturing in November 2019 and $127.59 million maturing in September 2021. There is also a $22.48 million class of notes maturing in March 2022 with a preliminary ‘AA’ rating.

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