{"id":3943,"date":"2026-05-11T22:44:00","date_gmt":"2026-05-11T20:44:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=6f7902cddf0df0ba1bda3cddbb51f4eb"},"modified":"2026-05-11T22:44:00","modified_gmt":"2026-05-11T20:44:00","slug":"kbra-assigns-preliminary-ratings-to-channel-ef-2026-1-llc","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=3943","title":{"rendered":"KBRA Assigns Preliminary Ratings to Channel EF 2026-1, LLC"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA assigns preliminary ratings to six classes of notes that will be issued from Channel EF 2026-1, LLC (CPEF 2026-1), an equipment ABS transaction. Credit enhancement includes excess spread, a reserve account, overcollateralization (O\/C) and subordination for senior classes. The O\/C is subject to a target equal to 13.80% of the current pool balance and a floor equal to 0.50% of the initial pool balance. The reserve account is funded at 1.00% of the initial pool balance and is non-amortizing.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260511641039\/en\/2801573\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260511641039\/en\/2801573\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260511641039\/en\/2801573\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260511641039\/en\/2801573\/21\/kbra-logo.jpg\" \/><\/a><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F68655%2Fratings&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=7faf092aab86c7fba3595a20a6237249\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nClick <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FvPkQDtXS%2Fchannel-ef-2026-1-llc-pre-sale-report%3F&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=87be67e60ad292286497e1f8446ea502\" rel=\"nofollow\" shape=\"rect\">here<\/a> to view the report.<\/p><p>\n<strong>Methodologies<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FPYcJsJQd&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=ABS%3A+Equipment+Lease+%26amp%3B+Loan+ABS+Global+Rating+Methodology&amp;index=3&amp;md5=58d41b7aaf97c9471d40bb7586de5676\" rel=\"nofollow\" shape=\"rect\">ABS: Equipment Lease &amp; Loan ABS Global Rating Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FRjVgkPtk&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=Structured+Finance%3A+Global+Structured+Finance+Counterparty+Methodology&amp;index=4&amp;md5=f0ed9bcccffd044afd7e58259de8e56f\" rel=\"nofollow\" shape=\"rect\">Structured Finance: Global Structured Finance Counterparty Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nFurther information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FJZRHwTBd%2F&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=ESG+factors&amp;index=5&amp;md5=46a2affdff83cb8a1e6f18ac9a186055\" rel=\"nofollow\" shape=\"rect\">ESG factors<\/a> (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.<\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F68655%2Fdisclosures&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=here&amp;index=6&amp;md5=9b9fca6c859170a1260afd236fb4eb2b\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=here&amp;index=7&amp;md5=a4d301c31ebbf6c47f060ff49c1e2424\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54533584&amp;newsitemid=20260511641039&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=8&amp;md5=dfa70d9db7e20370de1eb432622a3bdc\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1014903<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nKenneth Martens, Managing Director (Lead Analyst)\n<br\/>+1 646-731-3373\n<br\/><a  href=\"mailto:kenneth.martens@kbra.com\" rel=\"nofollow\" shape=\"rect\">kenneth.martens@kbra.com<\/a><\/p><p>\nAnushka Motaparthy, Analyst\n<br\/>+1 646-731-1223\n<br\/><a  href=\"mailto:anushka.motaparthy@kbra.com\" rel=\"nofollow\" shape=\"rect\">anushka.motaparthy@kbra.com<\/a><\/p><p>\nChristine Dalton, Managing Director (Rating Committee Chair)\n<br\/>+1 646-731-1232\n<br\/><a  href=\"mailto:christine.dalton@kbra.com\" rel=\"nofollow\" shape=\"rect\">christine.dalton@kbra.com<\/a><\/p><p>\n<strong>Business Development Contact<\/strong><\/p><p>\nArielle Smelkinson, Senior Director\n<br\/>+1 646-731-2369\n<br\/><a  href=\"mailto:arielle.smelkinson@kbra.com\" rel=\"nofollow\" shape=\"rect\">arielle.smelkinson@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA assigns preliminary ratings to six classes of notes that will be issued from Channel EF 2026-1, LLC (CPEF 2026-1), an equipment ABS transaction. Credit enhancement includes excess spread, a reserve a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3943","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3943"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3943\/revisions"}],"predecessor-version":[{"id":3944,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3943\/revisions\/3944"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}