KBRA Assigns Preliminary Ratings to Notes Issued by Flagship Credit Auto Trust 2018-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Flagship Credit Auto Trust 2018-1 (“FCAT 2018-1”), an auto loan ABS transaction. As of the January 11, 2018 statistical calculation date, FCAT 2018-1 contains $121.7 million of receivables and will contain approximately $164.6 million of receivables at closing out of an expected collateral balance of approximately $204.6 million after completion of the prefunding period. The