Press release 11.01.2006

Standard & Poor´s raises GFKL´s servicer rating

The rating agency Standard & Poor’s has raised its servicer rating for GFKL Financial Services AG’s performance as a primary servicer and special servicer in the area of Equipment Finance. The status “Above Average“ with the outlook “Positive” is an improvement on the previous year’s good result. This means that GFKL now has the second-best rating in the 18-level rating matrix.

A servicer rating assesses the quality of handling capacities, in this case for financing investment goods, which are needed in particular for Asset Backed Securities emissions. The primary servicer rating assesses the quality of the administration of current financing agreements, while the special servicer rating evaluates the quality of the management’s defaulting credit and leasing commitments.
In particular, the agency positively rated to the management’s far-ranging professional experience and market knowledge, the sophisticated documentation system, risk management and cash management in all of the company’s major divisions, the up-to-date technological infrastructure and the consolidated subsidiary Proceed Asset Trading GmbH’s established network for marketing investment goods.

GFKL Financial Services AG
Corporate Communications
Sven Kamerar
Limbecker Platz 1
D-45127 Essen

Phone: +49 (0201) 102-1192
E-Mail: pr(at)gfkl.com