Moody's rates DBK Leasing Ba3

Moody's Investors Service said it assigned Ba3/not-prime long- and short-term foreign-currency and local-currency issuer ratings to DBK Leasing.

The outlook is stable.

The ratings are underpinned by the company's high capital cushion, which is sufficient to absorb credit risks, strong liquidity and niche in leasing projects, Fitch said.

On the other hand, the ratings reflect the company's limited franchise, some concerns as to whether the company will be successful in significantly increasing its franchise and funding and the lack of operating history in the competitive environment, the agency said.

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