NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to three note classes of NP SPE II LLC, a railcar leasing securitization. This transaction represents the second issuance of notes issued by NP SPE II LLC (the “Issuer”), a bankruptcy-remote entity, with Napier Park Global Capital (US) LP (“Napier” or the “Company”) acting as administrator. Napier completed its first railcar securitization, NP SPE II, Series 2016-1, in April 2016 and KBRA had assigned a
