Fully Performing Leases (+ leases up to 30 days in arrears) as a percentage of book exposure was the lowest since October 2016 at 90.4% in June 2020, in line with current economic environment. However, the Fully Performing Leases (+ leases up to 30 days in arrears) / Rated Notes, remains in line with pre-COVID 19 months albeit exhibiting a decreasing trend.
The Dashboard covers the period from June 2019 to June 2020 and is part of GCR’s performance monitoring process and does not constitute rating action or rating reports. GCR will update the Dashboards at least on a quarterly basis.
The Dashboard exhibits performance metrics related to the MW Asset Rental (RF) Ltd transaction, which include credit enhancement levels, excess spread, defaults, recoveries and covenants. Click here for rating reports.