Dell Equipment Finance Trust 2018-2 Credit Rating

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Date	Document Type	Title	Source
17 May 2022	Sector Update	Equipment ABS – US: Sector Update – Q2 2022: Performance and issuance volume remain resilient despite economic headwinds	Moody's Investors Service
14 Apr 2022	Sector In-Depth	Structured Finance – Global: Spillover risks from Russian invasion of Ukraine weaken many transactions, particularly in Europe	Moody's Investors Service
29 Mar 2022	Sector In-Depth	Structured Finance – US: Securitization's role in funding the economy rose in 2021 from pandemic lows	Moody's Investors Service
15 Feb 2022	Sector Update	Equipment ABS – US: Sector Update – Q1 2022: Strong economic growth expectations support performance	Moody's Investors Service
07 Dec 2021	Outlook	Corporate ABS -- US: 2022 Outlook -- New ABS credit quality will improve to offset pandemic risk; performance will strengthen (Slides)	Moody's Investors Service
18 Nov 2021	Sector Update	Equipment ABS – US: Sector Update – Q4 2021: Solid sector fundamentals support performance	Moody's Investors Service
23 Sep 2021	Sector In-Depth	Structured Finance – Global: : Approaching Libor transition milestones bring credit considerations into focus	Moody's Investors Service
13 Aug 2021	Sector Update	Equipment ABS – US: Sector Update – Q3 2021: Performance and new issuance steady as economy rebounds	Moody's Investors Service
18 May 2021	Sector Update	Equipment ABS – US: Sector Update – Q1 2021: Economic recovery continues to drive improving performance and issuance volume	Moody's Investors Service
16 Dec 2020	Outlook	Structured Finance – Global: 2021 Outlook – Speed and extent of recovery will vary by asset class and region, with pandemic weighing on performance	Moody's Investors Service
06 Oct 2020	Sector In-Depth	Equipment Loan and Lease ABS – US: Economic recovery will uphold high cure rates for COVID-19-tied deferrals	Moody's Investors Service
08 Sep 2020	Sector Comment	Structured Finance – Global: Heard from the Market: Pandemic-focused conversations with issuers and investors	Moody's Investors Service
24 Jul 2020	Outlook	Structured Finance – Global: H2 2020 Outlook – Underwriting will remain tighter as pandemic's effects continue to weaken collateral performance	Moody's Investors Service
23 Jul 2020	Sector Comment	Coronavirus – US: Virus surge and expiration of federal relief measures imperil economic recovery	Moody's Investors Service
17 Jun 2020	Sector In-Depth	Equipment Loan and Lease ABS – US : Coronavirus shock heightens credit risk for transportation, some small ticket ABS	Moody's Investors Service
20 Mar 2020	Sector Comment	Structured Finance – US, Canada & Latin America: Heat map: Bonds most vulnerable to coronavirus are in CLO, CMBS, floorplan ABS and rental car ABS sectors	Moody's Investors Service
20 Feb 2020	Sector In-Depth	Structured Finance – Global: Fast-growing technologies often improve underwriting and create efficiencies, but also heighten risk	Moody's Investors Service
17 Jan 2020	Sector Comment	Equipment lease and loan ABS – US: US-China trade deal is credit positive for agricultural equipment loan and lease deals	Moody's Investors Service
16 Dec 2019	Outlook	Structured finance – Global: 2020 Outlook - Performance will weaken modestly as risks from economic slowdown increase	Moody's Investors Service
13 Dec 2019	Outlook	Corporate ABS – US: 2020 Outlook – Moderate economic growth will support performance (Slides)	Moody's Investors Service
02 Dec 2019	Sector In-Depth	ABS – US: Increased use of e-contracts poses risks for auto and equipment deals, but strong mitigants typically exist	Moody's Investors Service
21 Feb 2019	Sector In-Depth	Equipment ABS – US : Headwinds will likely affect agricultural/construction pool performance less than that of trucking, small ticket deals	Moody's Investors Service
07 Dec 2017	Outlook	Equipment ABS - US : 2018 Outlook – Financial stability of obligors to drive continued strong collateral quality of transactions	Moody's Investors Service
07 Aug 2017	Sector Overview	Equipment lease and loan ABS - Global: An overview of equipment lease and loan ABS	Moody's Investors Service
17 Apr 2017	Sector In-Depth	ABS - US: Growing E-Contract Exposure Is Credit Neutral If Issuer Assures Claims to Cash Flows	Moody's Investors Service
08 Mar 2017	Sector In-Depth	Equipment ABS - US: Loan Losses in Transportation Equipment ABS Will Remain Elevated, Owing to Industrial Weakness and Truck Oversupply	Moody's Investors Service
07 Dec 2016	Outlook	Equipment ABS - US: 2017 Outlook - Credit Quality, Performance Will Remain Strong	Moody's Investors Service
22 May 2016	Sector Comment	Equipment ABS - US: Conservative Residual Setting by Equipment Leasing Companies Is Credit Positive for Future Small-Ticket Deals	Moody's Investors Service
10 May 2016	Sector In-Depth	Agriculture Equipment ABS - US: Loan Losses and Delinquencies Rise on Reduced Farm Incomes	Moody's Investors Service
25 Jan 2016	Sector In-Depth	Equipment ABS - US: Securitized Residuals Increase Potential Loss Volatility in Small-Ticket Equipment ABS as Transactions Season	Moody's Investors Service
19 Jan 2016	Outlook	Commercial & Esoteric ABS - US: 2016 Outlook - Steady Economy Will Support Credit Performance of Commercial & Esoteric ABS (Presentation)	Moody's Investors Service
17 Dec 2015	Outlook	Structured Finance - Global: 2016 Outlook – Macro Trends Weigh on Securitization Globally as Lender Competition Heats Up	Moody's Investors Service
10 Jun 2015	Special Comment	US ABS: Deleveraging Structures Provide Varying Degrees of Protection in Equipment ABS	Moody's Investors Service
27 Apr 2015	Sector Comment	Agricultural and Construction Equipment ABS: Despite Drop in Farm Income, Strong Obligor Balance Sheets Will Continue to Shield Equipment ABS from Heavy Losses	Moody's Investors Service
17 Jan 2013	ABS Spotlight	Moody's ABS Spotlight - 17 January 2013	Moody's Investors Service
07 Dec 2012	Special Comment	Global Structured Finance: 2013 Outlook	Moody's Investors Service
20 Apr 2011	Special Comment	Assessing the Impact of the Eurozone Sovereign Debt Crisis on Structured Finance Transactions	Moody's Investors Service
01 Oct 2009	Special Report	Assessing the Impact of a Possible CIT Bankruptcy on CIT-Serviced ABS	Moody's Investors Service
22 Jan 2009	Special Report	V Scores and Parameter Sensitivities in the U.S. Equipment Lease and Loan ABS Sector	Moody's Investors Service
03 Dec 2008	Special Comment	Updated Report on V Scores and Parameter Sensitivities for Structured Finance Securities	Moody's Investors Service
14 Aug 2007	Special Report	Inside Moody's: Credit Policy (Newsletter)	Moody's Investors Service
29 Jan 1999	Special Report	1998 Year in Review and 1999 Outlook: Equipment Lease Securities: Steady Growth and Performance Projected for 1999	Moody's Investors Service
14 Apr 1997	Special Report	Equipment -Lease-Backed Transactions: Are You Secured	Moody's Investors Service

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