KBRA Assigns Preliminary Ratings to OneMain Direct Auto Receivables Trust 2017-2

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by OneMain Direct Auto Receivables Trust 2017-2 (“ODART 2017-2”) an auto loan ABS transaction. The collateral in the ODART 2017-2 deal will include approximately $515.46 million of loans at closing. The preliminary ratings reflect the initial credit enhancement levels ranging from 41.00% for the Class A notes to 4.00% for the Class E notes, which build over time. Credit enhance