Two equipment trust deals from Macquarie Equipment Finance and General Electric Capital Corp. will add $257.6 million and $714.6mln respectively to the ABS primary pipeline this week.

Fitch Ratings said Monday that it plans to rate $140mn of class A notes in Macquarie's Equipment Funding Trust 2012-A, 'AAA'. The capital structure also includes $15mn of  Fitch rated, 'A' notes and $6.3mn of Fitch rated, 'BBB' .

The deal is backed by commercial leases, which according to the Fitch presale report on the deal, includes 13.9% booked residuals on various types of information technology. medical and business-use equipment originated by Macquarie.  This is the issuer's second equipment term U.S. ABS.

Also marketing this week is a new $714mn deal for GECC  named GE Equipment Transportation LLC, Series 2012-2. The 2012-2 pool consists of 100% transportation equipement. The deal represents the issuer's third transportation only, equipment term ABS from the GE Equipment Transportation platform, according to Fitch.

The ratings agency assigned a 'AAA' ratings to approximately $459mn of class A notes issued under the deal's capital structure. Fitch will also rate the $27.7mn class B notes, 'AA'; and the $24.9mn class C notes, 'A'.

 

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