LEAP Analytics | Credit Analysis Engine v5

Rating Gateway

A completed LEAP internal rating is required before the credit memo can proceed. Upload the JSON export from the Rating Engine.

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LEAP Internal Rating — Required

Export JSON from the LEAP Rating Engine, then upload here. The grade, PD, rationale and financials will populate automatically.

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Upload LEAP Rating — JSON or PDF

Click to browse, or drag and drop. JSON from Rating Engine is preferred. PDF accepted.

✓ LEAP Internal Rating Loaded

LEAP Grade

—

Outlook

—

Facility

—

Tenor

—

External Agency Rating — Optional Reference

If the borrower holds an official rating from S&P, Moody's, Fitch or AM Best, enter it here for reference. Not required — enter what you have.

Agency

Grade

Outlook

Date of Last Action

Key Rationale — one sentence

Deal Configuration

Drives which asset module opens in Step 7. Select carefully — this cannot be changed mid-memo.

Scope of analysis: This credit memo analyses the risk of the underlying obligor — the entity whose cash flows and assets service the debt. Where LEAPEF uses an SPV structure (Exsilio), the SPV is the legal issuer; investors' economic exposure remains to the underlying obligor and its collateral package.

Asset Class

Corporate / Leveraged

OpCo lending, HoldCo, sponsor-backed

Project Finance

SPV, PPA, infrastructure

GPU / AI Infrastructure

NVIDIA hardware, compute facilities

Trade / Commodity

PN discounting, receivables, inventory

ABS / Securitisation

Asset pools, structured tranches

Real Estate

Commercial, residential, social housing

Facility & Deal Details

Facility Structure *

Borrower Type *

Sector (GICS) *

Deal Title *

Reference Number *

Analyst Name *

Analysis Date

LEAP Role in Transaction *

Exsilio Investments S.à r.l. — acting solely through a specific Compartment to be designated. Investors' recourse is to the collateral package and the underlying obligor's cash flows; not to LEAPEF AB or Exsilio at the fund level.

Project / Compartment Name Fictive — for investor docs only

Used in memo headers and investor materials. The actual compartment will not be formally opened until mandate execution.

Include ESG Section? Mandatory >USD/EUR 10M

Include Waterfall / Structure Section?

Transaction Terms, S&U, Parties & Comps

Borrower & Rating SummaryPre-filled from Rating Gateway — edit only if needed

Borrower Legal Name *

LEAP Internal Grade

External Agency Rating

Country of Risk — from Rating

Override Country of Risk — if exposure jurisdiction differs from rated entity

Borrower PD — Annual % — LEAP Rating Engine output

Indicative Spread

— over SOFR/EURIBOR

Typical Tenor

—

—

LEAP point-in-time PD derived from financial ratio scoring, sector and country risk adjustment, and Monte Carlo simulation. Do not amend without written justification.

Facility Terms

Currency *

Facility Amount (M) *

Tenor (Years) *

Repayment Profile

All-In Pricing (% p.a.) *

Risk-Free Rate (% p.a.)

Arrangement Fee (%)

Facility Type

Security Package *

Use of Proceeds *

Governing Law (of Transaction Documents)

SPV / Issuer Entity

Sources & Uses of FundsMust balance to zero

Sources	Amount (M)	%	Uses	Amount (M)	%
Senior Debt (this facility)		—	Asset Purchase / CapEx		—
Mezzanine / Sub Debt		—	Refinancing of Existing Debt		—
Shareholder Equity		—	Working Capital		—
ECA / Guarantee		—	DSRA / Reserve Accounts		—
Other / Grants		—	Fees & Transaction Costs		—
TOTAL SOURCES	0.00		TOTAL USES	0.00

⚠ Enter amounts — sources must equal uses

Transaction Parties

Please amend manually if role differs from defaults below.

Role	Name	Jurisdiction	Notes / Credit Quality
Borrower / Obligor
Sponsor / Shareholder
EPC / OEM / Operator
Offtaker / Anchor Customer
Transaction Manager LEAPEF is not a regulated lending institution and does not act as Lead Arranger
Account Bank
Facility Agent
Security Trustee
Note Trustee
Corporate Servicer
Legal Counsel — Borrower
Legal Counsel — Issuer / SPV

Agency

Rating

Outlook

Last Action

Key Rationale

S&P

Moody's

Fitch

DBRS / Scope

OECD Category

Date	Agency	Action	Rating	Outlook
Run country research to auto-populate rating history

Date

Agency

Action

Rating

Outlook

Run country research to auto-populate rating history

Dimension	Weight	Score
Political Stability	25%	3
Transfer & Convertibility	25%	3
Legal Framework	20%	3
Macro / Economic	20%	3
Regulatory / Sanctions	10%	3

Dimension

Weight

Score

Analyst Comment

Political Stability

25%

Transfer & Convertibility

25%

Legal Framework

20%

Macro / Economic

20%

Regulatory / Sanctions

10%

Company

Revenue (M)

EBITDA Margin %

Net Debt/EBITDA

DSCR

Rating

Notes

This Borrower

Metric	Base Case	Downside	Severe Downside
Revenue (M)	—	—	—
EBITDA (M)	—	—	—
EBITDA Margin (%)	—	—	—
Net Debt / EBITDA	—	—	—
ICR	—	—	—
DSCR	—	—	—
Collateral Value (M)	—	—	—
LTV (%)	—	—	—
DSCR Covenant Headroom (vs 1.25x)	—	—	—

Metric

Base Case

Downside

Severe Downside

Revenue (M)

—

EBITDA (M)

—

EBITDA Margin (%)

—

Net Debt / EBITDA

—

ICR

—

DSCR

—

Collateral Value (M)

—

LTV (%)

—

DSCR Covenant Headroom (vs 1.25x)

—

Dimension	Weight	Score
Credit / Default Risk	30%	3
Market / Asset Risk	15%	3
Operational Risk	15%	3
Legal & Structural Risk	15%	3
Country / Political Risk	15%	3
Liquidity Risk	10%	3

Dimension

Weight

Score

Mitigants

Residual

Credit / Default Risk

30%

Market / Asset Risk

15%

Operational Risk

15%

Legal & Structural Risk

15%

Country / Political Risk

15%

Liquidity Risk

10%

Covenant

Type

Level / Test

Frequency

Cure Rights

Basket / Notes