KBRA Preliminary Ratings to Veros Auto Receivables Trust 2018-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes for Veros Auto Receivables Trust 2018-1 (“VEROS 2018-1”), an auto loan ABS transaction. Veros Credit LLC will issue four classes of notes for the VEROS 2018-1 transaction totaling $183.060 million that are collateralized by a trust certificate backed by a pool of subprime automobile loan contracts, secured mostly by used vehicles. Veros Credit LLC is a California based automobile fina