KINGWOOD, TX – Ascentium Capital, a national commercial lender providing comprehensive finance solutions, announced that Moody's Investors Service upgraded the subordinate bonds of Ascentium Equipment Receivables 2014-1 LLC.
Moody’s highlighted Ascentium Capital’s performance and attributed the action to strong transaction performance and increased credit enhancement. “The Moody’s upgrade reflects the accomplishments that Ascentium Capital has achieved. We continue to minimize our risk, diversify our revenue base and strengthen our portfolio. Those actions, coupled with our portfolio’s outstanding credit profile, allows the rating agencies to periodically upgrade our outstanding bonds which is a substantial benefit for our investors,” commented Tom Depping, Chief Executive Officer at Ascentium Capital.
As a direct lender, Ascentium Capital specializes in providing business financing, leasing, and loans for equipment manufacturers and distributors as well as direct to businesses nationwide. The company has obtained the ranking as the fifth largest private-independent finance company by volume in the United States. For more information, please visit hekent.com.