TEXT-S&P: Volvo Financial Equip 2010-1 on watch pos

Newswire

(The following statement was released by the rating agency) OVERVIEW -- Volvo Financial Equipment LLC's series 2010-1 issuance is a securitization backed by an amortizing pool of commercial truck loans and construction equipment loans. -- We placed our 'A (sf)' rating on the class B notes on CreditWatch positive. -- The 'A (sf)' rating reflects the better-than-expected collateral performance to date, and the growth in hard credit support as a percent of the current collateral ...

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