NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to eight classes of notes issued by Westlake Automobile Receivables Trust 2018-3 (WLAKE 2018-3), an auto loan ABS transaction. The notes are collateralized by a pool of fixed rate retail automobile contracts, made to subprime, near prime and prime obligors and secured by new and used automobiles, sport utility vehicles, light duty trucks and vans. The preliminary ratings reflect the initial credit enhancement
