Pawnee Equipment Receivables (Series 2019-1) LLC: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of asset-backed notes issued by Pawnee Equipment Receivables (Series 2019-1) LLC (the Issuer):

-- $67,000,000 Series 2019-1, Class A-1 Notes at R-1 (high) (sf)
-- $144,430,000 Series 2019-1, Class A-2 Notes at AAA (sf)
-- $11,510,000 Series 2019-1, Class B Notes at AA (sf)
-- $10,150,000 Series 2019-1, Class C Notes at A (sf)
-- $12,180,000 Series 2019-1, Class D Notes at BBB (sf)
-- $8,934,000 Series 2019-1, Class E Notes at BB (sf)