Los Angeles, California (March 30, 2026) — Crossroads Equipment Lease & Finance, LLC (“Crossroads”), an industry-leading provider of financing and insurance solutions tailored for commercial transportation, is delighted to announce that Moody’s Ratings has upgraded multiple classes of notes issued through its securitization platforms, Crossroads Asset Trust 2024-A and Crossroads Asset Trust 2025-A.

The rating actions reflect continued strong performance of Crossroads’ managed portfolio, as well as structural features that enhance credit quality over time.

Summary of Rating Upgrades

Moody’s upgraded seven note classes across the two transactions:

Crossroads Asset Trust 2024-A

• Class B Notes upgraded to Aaa (sf) (from Aa1)
• Class C Notes upgraded to Aa1 (sf) (from Aa2)
• Class D Notes upgraded to A3 (sf) (from Baa1)

Crossroads Asset Trust 2025-A

• Class B Notes upgraded to Aaa (sf) (from Aa1)
• Class C Notes upgraded to Aa2 (sf) (from A1)
• Class D Notes upgraded to A2 (sf) (from Baa1)
• Class E Notes upgraded to Ba1 (sf) (from Ba2)

Key Drivers of the Upgrades

According to Moody’s, the upgrades were primarily driven by:

• Continued collateral performance across the underlying equipment loan and lease portfolios
• Increasing credit enhancement, supported by structural features
• Maintenance of non-declining reserve accounts and growing overcollateralization

The securitized assets consist primarily of fixed-rate loans and leases secured by trucking and transportation equipment, the core focus area for Crossroads.

About Crossroads Equipment Lease and Finance

Crossroads Equipment Lease and Finance, LLC is a leading transportation equipment leasing company headquartered in Southern California. Over the years, we have grown into a national lender with an array of financial products designed to help businesses succeed. We strive to build long-term business relationships by offering prompt, flexible, and tailor-made financing that preserves capital. Our industry expertise affords our customers a competitive advantage in the market.

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