KBRA Assigns Preliminary Ratings to Veros Auto Receivables Trust 2017-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes for Veros Auto Receivables Trust 2017- (“VEROS 2017-1”), an auto loan ABS transaction. Veros Credit LLC (“Veros” or the “Company”) will issue three classes of notes for the VEROS 2017-1 transaction totaling $165.28 million that are collateralized by a trust certificate backed by a pool of subprime automobile loan contracts, secured mostly by used vehicles. Veros Credit LLC is a Calif