NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by First Investors Auto Owner Trust 2018-1 (FIAOT 2018-1), an auto loan ABS transaction. FIAOT 2018-1 is collateralized by approximately $103.9 million of subprime auto loan receivables as of March 31, 2018 out of an expected collateral balance of approximately $163.5 million after completion of the prefunding period. The transaction includes a prefunding feature that allows up
