KBRA Comments on Element Fleet Management Corp.’s Fourth Quarter Results

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) released a comment on the fourth quarter results of Element Fleet Management Corp. (TSX: EFN) (“Element Fleet” or “the Company”), which included a significant charge related to the Company’s 49.99% interest in 19th Capital Group LLC (“19th Capital”), a joint venture (“JV”) involved in leasing highway tractors and trucks in the U.S. On October 3, 2017, KBRA affirmed the issuer rating of A- with a Stable Outlook for Element Fleet Manageme