OREANDA-NEWS. Fitch Ratings has maintained the Rating Watch Negative (RWN) on Flexi ABS Trust 2013-1's (Flexi 2013-1) Class E notes, as the reconciliation of disputed payments between Flexirent Capital Pty Ltd (Flexi) and one of the main vendors to the transaction, who acts as an introducer of receivables, progressed but was not completed by the expected date of 30 June 2016.

The transactions are backed by unsecured commercial lease receivables originated by Flexi. The notes were issued by Perpetual Corporate Trust Limited in its capacity as trustee of the transaction.

The rating actions are as listed below:
AUD1.5m Class E notes (ISIN AU3FN0019485) 'BBBsf'; remains on RWN