Macquarie preparing debut equipment lease-only securitisation

Preliminary ratings have been assigned to a new asset-backed securities (ABS) transaction to be issued by Macquarie Leasing (Macquarie). The deal, which will be the third to be issued off Macquarie's Smart programme this year, is the issuer's first securitisation based solely on equipment lease receivables according to a preliminary report released by Fitch Ratings (Fitch) on August 20.