NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by First Investors Auto Owner Trust 2017-1 (“FIAOT 2017-1”), an auto loan ABS transaction. FIAOT 2017-1 is collateralized by approximately $200 million of subprime auto loan receivables as of January 31, 2017 out of an expected collateral balance of approximately $225 million after completion of the prefunding period. The transaction includes a prefunding feature that allows up
