Class A, for instance, has a credit enhancement level of 13.0%, a subordination level of 9.0%–as a percentage of the required asset amount–and an initial cash reserve of 0.73%. The credit enhancement levels vary until the class E notes have an initial credit enhancement level of 4.0%, overcollateralization of 3.28%, and a cash reserve of 0.73%. DBRS expects to assign 'AAA' ratings to the $453.5 million, class A notes. After that, the rating agency expects to assign 'AA' on the $14.2 million class B notes and 'A' on the $20.2 million, class C notes. Wheels LT and Doblen Trust are the origination trusts, while Wheels, LLC and Donlen LLC will act as servicers. DBRS noted that the coronavirus pandemic has had an adverse effect on the U.S. corporate borrower in general, but the Wheels Fleet Lease Funding, 2022-1, is expected to remain resilient. "Diverse groups of corporate obligors are making lease payments as well as covering shortfalls in book value at lease end," DBRS said.