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Fitch Affirms GE ET 2014-1 and Revises Outlooks

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms GE Equipment Transportation LLC (GE ET), series 2014-1 and revises Rating Outlooks as indicated KEY RATING DRIVERS The affirmation of all outstanding classes in GE ET 2014-1 is reflective of credit enhancement (CE) levels that are consistent with the ratings and strong collateral performance to date. As of the May 2015 payment date, only 3 basis points (bps) of cumulative net losses have been experienced, which is lower than Fitch's initial expec

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