U-Haul International (UHI) is in the market with a $155 million securitization called U-Haul S Fleet Series 2010-1. The offering is backed by a pool of new and to-be-acquired box trucks.
Moody's Investors Service assigned the transaction a provisional rating of 'Baa2'. This is UHI’s second securitization of the box trucks in its rental fleet that comes after the Series 2007-BT-1 deal. This offering falls under the template created by Series 2007-1 with a few differences, according to Moody's.