KBRA Assigns Preliminary Ratings to OneMain Direct Auto Receivables Trust 2018-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by OneMain Direct Auto Receivables Trust 2018-1 (“ODART 2018-1”) an auto loan ABS transaction. The collateral in the ODART 2018-1 deal will include approximately $535.69 million of loans at closing. The preliminary ratings reflect the initial credit enhancement levels ranging from 27.75% for the Class A notes to 2.25% for the Class D notes, which build over time. Credit enhance