NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (“KBRA”) assigns preliminary ratings to five classes of notes issued by GLS Auto Receivables Trust 2017-1 (“GCAR 2017-1”), an auto loan ABS transaction. GLS Auto Receivables Trust 2017-1 (“GCAR 2017-1” or the “Issuer”) will issue five classes of notes totaling $208.65 million that are collateralized by a pool of fixed rate retail automobile contracts, made to subprime obligors, secured by new and used non-commercial automobiles. The preliminar
