Coverage Universe

Sectors

Egan-Jones provides independent credit ratings across a broad range of asset classes and sectors, with deep analytical expertise in each.

Sector Coverage

Leases (incl. CTL)

Ratings for lease-backed transactions including credit tenant leases, equipment leases, and sale-leasebacks.

Lease-backed financing encompasses a broad range of structures where the creditworthiness of the lessee and the value of the leased asset together support debt repayment. Egan-Jones rates credit tenant leases (CTL), agricultural leases, aircraft leases, automotive leases, equipment leases, ground leases, lease backs, and real estate leases. Our CTL expertise is particularly deep, covering transactions where investment-grade tenant credit drives the rating.

Sub-Sectors We Rate
Agricultural leases
Aircraft leases
Automotive leases
Credit tenant leases
Equipment leases
Ground leases
Lease backs
Real estate leases
Key Rating Considerations
1
Lessee / tenant credit quality and financial strength
2
Lease term remaining and renewal probability
3
Asset type, condition, and alternative use potential
4
Lease structure (triple-net, modified gross, full-service)
5
Geographic and sector diversification for portfolio transactions
6
Structural protections, reserve requirements, and servicer quality
Coverage Statistics
50/50
Top U.S. Life Insurers
Global
Coverage
3200+
Deals Rated in 2025
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