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). The transaction represents the seventh term ABS issuance for Element Fleet Management Corp. (“Element” or the “Company”) through Chesapeake Funding II LLC (“Chesapeake II”). There are six additional term series of notes issued by Chesapeake II under the base indenture and all wi