Oct 25, 2012

Fitch Rates GE Equipment Transportation LLC, Series 2012-2

Fitch Ratings has assigned the following ratings and Outlooks to GE Equipment Transportation LLC, Series 2012-2:

–$201,000,000 class A-1 notes ‘F1+sf’;

–$182,000,000 class A-2 notes ‘AAAsf’; Outlook Stable;

–$214,000,000 class A-3 notes ‘AAAsf’; Outlook Stable;

–$62,958,000 class A-4 notes ‘AAAsf’; Outlook Stable;

–$29,774,000 class B notes ‘AAsf’; Outlook Stable;

–$24,932,000 class C notes ‘Asf’; Outlook Stable;

Fitch’s stress and rating sensitivity analysis are discussed in the presale report titled ‘GE Equipment Transportation LLC, Series 2012-2′, dated Oct. 15, 2012, which is available on Fitch’s web site.

Additional information is available at ‘ www.fitchratings.com ‘. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

–’Criteria for Rating U.S. Equipment Lease and Loan ABS’ dated Jan. 11, 2012;

–’Global Structured Finance Rating Criteria’ dated June 6, 2012.

Applicable Criteria and Related Research:

Criteria for Rating U.S. Equipment Lease and Loan ABS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=663732

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

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