Warburg Pincus

Esoteric ABS

Ascentium buying back delinquent leases from ABS trusts

Moody's notes that the practice masks the actual performance of the equipment lessor's recent securitizations; the rating agency has increased its expectation for cumulative net losses on the latest deal by 25 basis points, to 2.75%.

By Allison Bisbey

October 12