Kroll Bond Rating Agency Assigns Preliminary Ratings to CPS Auto Receivables Trust 2017-B

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of CPS Auto Receivables Trust 2017-B (“CPSART 2017-B”), an auto loan ABS transaction. CPS Auto Receivables Trust 2017-B (“CPSART 2017-B”) will issue five classes of notes totaling $224.94 million that are collateralized by a trust certificate backed by a pool of fixed rate retail automobile contracts, made to subprime obligors and secured by new and used automobiles, light trucks, vans and min