KBRA Assigns Preliminary Ratings to Chesapeake Funding II LLC, Series 2017-4 Notes

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes (“the Notes”) anticipated to be issued by Chesapeake Funding II LLC (see preliminary ratings listed below). This transaction represents the eighth issuance for Element Fleet Management Corporation (“Element” or the “Company”) from the Chesapeake Funding II LLC master trust. The Series 2017-4 Notes issued by Chesapeake II will be primarily supported by i) leases and related vehicles or