NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Flagship Credit Auto Trust 2017-3 (FCAT 2017-3), an auto loan ABS transaction. FCAT 2017-3 is collateralized by approximately $185.2 million of subprime auto loan receivables as of July 31, 2017 out of an expected collateral balance of approximately $231.1 million after completion of the prefunding period. The transaction includes a prefunding feature that allows up to 20% o
