Rating Assigned To U.K. ABS Leasing Transaction Temese Funding 2's Class A Notes

OVERVIEW We have assigned our 'AAA (sf)' rating to Temese Funding 2's class A notes. At closing, Temese Funding 2 also issued unrated class B notes. Temese Funding 2 securitizes a revolving portfolio of U.K. receivables from equipment leasing and hire purchase contracts that Investec Asset Finance either originated or acquired through its broker network. LONDON (Standard&Poor's) Nov. 14, 2014--Standard&Poor's Ratings Services has assigned its 'AAA (sf)' credit rating to Temese Funding 2 PLC's class A asset-backed floating-rate notes. At closing, Temese Funding 2 also issued unrated class B notes (see list below). Investec Asset Finance acts as originator, seller, and servicer. It provides asset and loan finance to U.K. businesses, including small and midsize enterprises

...OVERVIEW + We have assigned our '### (sf)' rating to Temese Funding 2's class A notes. + At closing, Temese Funding 2 also issued unrated class B notes. + Temese Funding 2 securitizes a revolving portfolio of U.K. receivables from equipment leasing and hire purchase contracts that Investec Asset Finance either originated or acquired through its broker network. LONDON (Standard & Poor's) Nov. 14, 2014--Standard & Poor's Ratings Services has assigned its '### (sf)' credit rating to Temese Funding 2 PLC's class A asset-backed floating-rate notes. At closing, Temese Funding 2 also issued unrated class B notes (see list below). Investec Asset Finance acts as originator, seller, and servicer. It provides asset and loan finance to U.K. businesses, including small and midsize enterprises (SMEs), corporates, and professional practices. It originates British pound sterling-denominated receivables in the U.K. Its business is entirely introduced through a network of over 200 pre-approved brokers. The...

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