KBRA Assigns Preliminary Ratings to Notes Issued by Flagship Credit Auto Trust 2018-3

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Flagship Credit Auto Trust 2018-3 (“FCAT 2018-3”), an auto loan ABS transaction. As of the July 31, 2018 initial cutoff date, FCAT 2018-3 contained $240.8 million of receivables originated from both the Flagship Credit Acceptance (FCA) and CarFinance Capital LLC (CarFinance) branded origination channels and will contain $301.0 million after completion of the prefunding perio