NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to four classes of notes issued by CarNow Auto Receivables Trust 2017-1 (“CNART 2017-1”), a subprime auto asset-backed securities transaction. CNART 2017-1 will issue $126.32 million of notes collateralized by approximately $159.2 million of subprime auto loan receivables. The transaction has initial credit enhancement levels ranging from 49.00% for the Class A notes to 29.00% for the Class C notes. The
