KBRA Assigns Preliminary Ratings to CPS Auto Receivables Trust 2018-B

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by CPS Auto Receivables Trust 2018-B (“CPSART 2018-B”), an auto loan ABS transaction. CPS Auto Receivables Trust 2018-B (“CPSART 2018-B”) will issue five classes of notes totaling $201.823 million that are collateralized by a trust certificate backed by a pool of fixed rate retail automobile contracts, made to subprime obligors and secured by new and used automobiles, light tru