NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Avid Automobile Receivables Trust 2018-1 (“AVID 2018-1”), an auto loan ABS transaction. AVID 2018-1 is collateralized by approximately $95.0 million of subprime auto loan receivables as of December 31, 2017 out of an expected collateral balance of approximately $120.0 million after completion of the prefunding period. The transaction includes a prefunding feature that allow
