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07.09.26 - 11:18
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KBRA Assigns Preliminary Ratings to BUMPER BE GREEN 2026-1 (Business Wire)
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DUBLIN--(BUSINESS WIRE)--#creditratingagency--KBRA Europe (KBRA) assigns a preliminary rating to the Class A notes to be issued by Bumper BE NV/SA, acting on behalf of its compartment named "Compartiment No.3" (BUMPER BE GREEN 2026-1), a Belgian operating auto lease ABS transaction. Credit enhancement consists of subordination, excess spread and cash reserves.
BUMPER BE GREEN 2026-1 will be collateralised by a revolving pool of lease receivables and associated leased vehicles (Residual Value) made to Ayvens BE clients in Belgium. The pool will entirely consist of leases of Battery Electric Vehicles (BEVs). The preliminary portfolio consists of an aggregate discounted balance of approximately €516.0 million, comprising a lease receivables component of €270.0 million and a Residual Value component of €246.0 million. The leases, as a percentage of the total discounted value of the preliminary portfolio, are extended to corporates (85.3%), SMEs (14.6%) and government entities (0.1%). The lease...
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