MW Asset Rentals (RF) Ltd (Monitoring Dashboard)

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MW Asset Rentals (RF) Ltd (Monitoring Dashboard)
  • MW Asset Rentals (RF) Ltd (Monitoring Dashboard)
  • Year : Sep 2020
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Summary

For July 2020, the 3 Month Average NPL / NPV of Leases, early amortisation trigger was reported at 2.97% marginally close to the 3% covenant. Reflecting an increase in arrears, in line with the current economic environment. 

Additional Information

The Dashboard covers the period from July 2019 to July 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.

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