CPS Completes Securitization Featured

By Staff Writer November 07, 2018

Consumer Portfolio Services Inc. recently announced the closing of its fourth term securitization in 2018.

The transaction is CPS's 30th senior subordinate securitization since the beginning of 2011 and the 13th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes. 

In the transaction, qualified institutional buyers purchased $233.7 million of asset-backed notes secured by $245 million in automobile receivables originated by CPS. The sold notes consist of five classes.

Last modified on Wednesday, 07 November 2018 00:35